Smiths Group (LON:SMIN) Price Target Raised to GBX 3,100

Smiths Group (LON:SMIN) had its price objective lifted by JPMorgan Chase & Co. from GBX 2,810 to GBX 3,100 in a research report report published on Tuesday morning,Digital Look reports. The firm currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,750 target price on shares of Smiths Group in a research note on Wednesday, July 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,500 price objective on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 3,000 price target on shares of Smiths Group in a report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Smiths Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,876.67.

Smiths Group Stock Performance

LON:SMIN opened at GBX 2,641.39 on Tuesday. The company’s 50-day moving average price is GBX 2,546.49 and its 200-day moving average price is GBX 2,528.55. 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 £7.88 billion, a P/E ratio of 34.39, a P/E/G ratio of 0.35 and a beta of 0.73. Smiths Group has a twelve month low of GBX 2,088 and a twelve month high of GBX 2,746.

About Smiths Group

For 175 years, we have been pioneers of progress, engineering a better future. Our strategy is to be a focused, efficient and value creating industrial engineering company operating in the attractive and growing market segments of flow control, thermal solutions, construction and aerospace.

We focus on solving the toughest problems for our customers, helping address critical global needs such as decarbonisation and the ever-increasing demand for process and energy efficiency.

We are pioneers of progress.