Smiths Group (LON:SMIN) Sets New 1-Year High – Should You Buy?

Smiths Group plc (LON:SMIN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 2,754.18 and last traded at GBX 2,726, with a volume of 342016 shares trading hands. The stock had previously closed at GBX 2,688.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SMIN. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,500 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,000 price objective on shares of Smiths Group in a research report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price objective on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a research report on Wednesday, July 1st. Four 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, Smiths Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,876.67.

Smiths Group Price Performance

The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19. The stock has a market cap of £8.11 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73. The company’s 50-day moving average is GBX 2,564.63 and its 200-day moving average is GBX 2,534.35.

Insider Activity at Smiths Group

In other news, insider Richard Howes bought 67 shares of the stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of GBX 2,658 per share, with a total value of £1,780.86. Corporate insiders own 0.81% of the company’s stock.

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.