Smiths Group (LON:SMIN) Given “Buy” Rating at Berenberg Bank

Smiths Group (LON:SMIN)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 3,000 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 21.85% from the stock’s previous close.

SMIN has been the topic of a number of other research reports. Jefferies Financial Group cut their price objective on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a research report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating on the stock in a report on Monday, March 23rd. Finally, Citigroup boosted their target price on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,131.67.

Smiths Group Stock Performance

Shares of SMIN stock opened at GBX 2,462 on Friday. The company’s fifty day simple moving average is GBX 2,448.63 and its 200-day simple moving average is GBX 2,484.85. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19. The firm has a market cap of £7.44 billion, a PE ratio of 32.06, a P/E/G ratio of 0.35 and a beta of 0.73. Smiths Group has a 12 month low of GBX 2,088 and a 12 month high of GBX 2,746.

Smiths Group (LON:SMIN) last announced its quarterly earnings data on Friday, March 20th. The company reported GBX 62 EPS for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. Equities research analysts expect that Smiths Group will post 85.1295337 EPS for the current fiscal year.

Insider Activity

In other Smiths Group news, insider Richard Howes bought 70 shares of Smiths Group stock in a transaction dated Friday, May 1st. The stock was bought at an average price of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Alister Cowan bought 5,000 shares of Smiths Group stock in a transaction dated Sunday, March 22nd. The stock was acquired at an average cost of GBX 2,268 per share, with a total value of £113,400. Over the last 90 days, insiders acquired 5,276 shares of company stock valued at $12,038,832. 0.81% of the stock is owned by company insiders.

Smiths Group Company Profile

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. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.