Smiths Group (LON:SMIN) Insider Sells £711,982.48 in Stock

Smiths Group plc (LON:SMIN) insider Julian Fagge sold 26,686 shares of Smiths Group stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of GBX 2,668, for a total value of £711,982.48.

Smiths Group Price Performance

LON SMIN opened at GBX 2,607 on Friday. The company has a market cap of £7.30 billion, a PE ratio of 4.16, a PEG ratio of 0.35 and a beta of 0.74. Smiths Group plc has a 1 year low of GBX 2,088 and a 1 year high of GBX 2,885. The company has a current ratio of 2.77, a quick ratio of 1.29 and a debt-to-equity ratio of 46.28. The stock’s 50-day moving average price is GBX 2,657.39 and its two-hundred day moving average price is GBX 2,585.99.

Smiths Group (LON:SMIN) last released its earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. On average, analysts predict that Smiths Group plc will post 85.13 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,500 price objective on shares of Smiths Group in a report on Wednesday, July 1st. Berenberg Bank upped their target price on shares of Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. increased their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,910.

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.