Smiths Group (LON:SMIN) Hits New 52-Week High – Should You Buy?

Smiths Group plc (LON:SMIN)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 2,558 and last traded at GBX 2,556, with a volume of 730877 shares trading hands. The stock had previously closed at GBX 2,546.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Smiths Group in a report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Smiths Group presently has a consensus rating of “Buy”.

Smiths Group Price Performance

The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07. The stock’s 50-day moving average is GBX 2,418.80 and its two-hundred day moving average is GBX 2,293.15. The stock has a market cap of £8.03 billion, a PE ratio of 29.07, a PEG ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 85.70 EPS for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. On average, equities analysts predict that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insider Transactions at Smiths Group

In other news, insider Karin Hoeing bought 224 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of GBX 2,522 per share, with a total value of £5,649.28. Also, insider Roland Carter sold 29,313 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total value of £709,667.73. Corporate insiders own 0.78% of the company’s stock.

About Smiths Group

Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.