Jefferies Financial Group Lowers Smiths Group (LON:SMIN) Price Target to GBX 2,750

Smiths Group (LON:SMIN) had its target price lowered by equities research analysts at Jefferies Financial Group from GBX 2,900 to GBX 2,750 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 11.43% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating for the company in a report on Monday, March 23rd. Citigroup upped their price objective on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada boosted their target price on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Four investment 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.com, Smiths Group currently has an average rating of “Moderate Buy” and an average price target of GBX 3,090.

Smiths Group Trading Down 0.5%

Shares of SMIN stock opened at GBX 2,468 on Thursday. The stock’s fifty day moving average price is GBX 2,450.89 and its two-hundred day moving average price is GBX 2,485.03. The company has a market cap of £7.46 billion, a PE ratio of 32.14, a P/E/G ratio of 0.35 and a beta of 0.73. Smiths Group has a fifty-two week low of GBX 2,088 and a fifty-two week 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.

Smiths Group (LON:SMIN) last posted its quarterly earnings results on Friday, March 20th. The company reported GBX 62 EPS for the quarter. Smiths Group had a return on equity of 13.71% and a net margin of 11.39%. Equities analysts predict that Smiths Group will post 85.1295337 EPS for the current fiscal year.

Insider Activity

In other Smiths Group news, insider Richard Howes acquired 70 shares of the company’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 £1,772.40. Also, insider Alister Cowan bought 5,000 shares of the business’s stock in a transaction that occurred on Sunday, March 22nd. The shares were acquired at an average price of GBX 2,268 per share, for a total transaction of £113,400. Over the last three months, insiders have bought 5,276 shares of company stock valued at $12,038,832. 0.81% of the stock is currently owned by corporate 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.