Smiths Group plc (LON:SMIN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Smiths Group plc (LON:SMIN) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 2,876.67.

A number of analysts have recently issued reports on the company. Berenberg Bank restated a “buy” rating and issued a GBX 3,000 target price on shares of Smiths Group in a report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,750 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,500 price objective on shares of Smiths Group in a research note on Wednesday, July 1st.

Insider Buying and Selling at Smiths Group

In related news, insider Richard Howes purchased 67 shares of Smiths Group stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of GBX 2,658 per share, with a total value of £1,780.86. 0.81% of the stock is owned by corporate insiders.

Smiths Group Trading Up 1.1%

LON SMIN opened at GBX 2,677 on Tuesday. Smiths Group has a twelve month low of GBX 2,088 and a twelve month high of GBX 2,746. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04. The stock has a market cap of £7.99 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 0.35 and a beta of 0.73. The firm’s 50 day moving average price is GBX 2,552.37 and its two-hundred day moving average price is GBX 2,531.24.

Smiths Group Company Profile

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.