Smiths Group (LON:SMIN) Reaches New 12-Month High – Still a Buy?

Smiths Group plc (LON:SMIN)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 2,552 and last traded at GBX 2,550, with a volume of 554980 shares traded. The stock had previously closed at GBX 2,530.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Smiths Group in a research note on Friday, October 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Smiths Group Price Performance

The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. The company has a fifty day moving average price of GBX 2,401.97 and a 200 day moving average price of GBX 2,269.01. The company has a market capitalization of £8.01 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

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

Insider Buying and Selling

In other news, insider Karin Hoeing purchased 224 shares of Smiths Group stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of GBX 2,522 per share, with a total value of £5,649.28. Also, insider Richard Howes purchased 70 shares of the stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of GBX 2,522 per share, with a total value of £1,765.40. 0.78% of the stock is owned by insiders.

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.