Smiths Group (LON:SMIN) Receives Sector Perform Rating from Royal Bank Of Canada

Smiths Group (LON:SMIN)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 2,500 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 2.42% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group lowered 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 note on Thursday, May 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,828.33.

Smiths Group Stock Up 0.1%

SMIN stock opened at GBX 2,562 on Wednesday. Smiths Group has a 52 week low of GBX 2,088 and a 52 week high of GBX 2,746. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19. The company has a market cap of £7.70 billion, a P/E ratio of 33.36, a P/E/G ratio of 0.35 and a beta of 0.73. The company’s 50-day moving average price is GBX 2,519.86 and its 200 day moving average price is GBX 2,499.05.

Insiders Place Their Bets

In other news, insider Richard Howes acquired 70 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of GBX 2,532 per share, for a total transaction of £1,772.40. Also, insider Simon Pryce purchased 206 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of GBX 2,532 per share, for a total transaction of £5,215.92. 0.81% of the stock is owned by 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.