Peel Hunt Reiterates Buy Rating for Smart Metering Systems (LON:SMS)

Smart Metering Systems (LON:SMS)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a report issued on Monday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also recently issued reports about the company. Barclays cut Smart Metering Systems to an “equal weight” rating and increased their price target for the stock from GBX 520 ($6.40) to GBX 640 ($7.88) in a report on Friday, March 20th. Liberum Capital reiterated a “hold” rating on shares of Smart Metering Systems in a report on Tuesday, June 23rd.

Shares of LON:SMS opened at GBX 575 ($7.08) on Monday. The stock has a market cap of $646.61 million and a P/E ratio of 164.29. The company has a quick ratio of 1.95, a current ratio of 2.44 and a debt-to-equity ratio of 122.21. Smart Metering Systems has a 52-week low of GBX 308 ($3.79) and a 52-week high of GBX 742 ($9.13). The business has a fifty day moving average of GBX 604.84 and a two-hundred day moving average of GBX 573.91.

In other news, insider Alan Foy bought 83,333 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average cost of GBX 605 ($7.45) per share, for a total transaction of £504,164.65 ($620,433.98). Also, insider Jamie Richards bought 3,909 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of GBX 639 ($7.86) per share, for a total transaction of £24,978.51 ($30,739.00). Over the last quarter, insiders have bought 93,660 shares of company stock valued at $56,928,294.

Smart Metering Systems Company Profile

Smart Metering Systems plc, through its subsidiaries, connects, owns, operates, and maintains metering systems and databases on behalf of energy companies in the United Kingdom, Italy, and the Caribbean. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The Asset Management segment engages in the regulated management of gas meters, electric meters, and ADM devices.

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