Smiths Group (LON:SMIN) Insider Acquires £19,873.62 in Stock

Smiths Group plc (LON:SMIN) insider Laurence Mulliez bought 702 shares of Smiths Group stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of GBX 2,831 per share, for a total transaction of £19,873.62.

Smiths Group Trading Down 0.1%

Smiths Group stock traded down GBX 2 during mid-day trading on Tuesday, hitting GBX 2,825. The company’s stock had a trading volume of 1,618,406 shares, compared to its average volume of 9,727,672. The stock has a market cap of £8.13 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. Smiths Group plc has a 12 month low of GBX 2,088 and a 12 month high of GBX 2,885. The business has a 50 day moving average price of GBX 2,627.35 and a 200-day moving average price of GBX 2,535.07. The company has a debt-to-equity ratio of 46.28, a current ratio of 2.77 and a quick ratio of 1.29.

Smiths Group (LON:SMIN) last issued 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%. As a group, analysts forecast that Smiths Group plc will post 85.1295337 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Berenberg Bank increased their price target on shares of Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a report on Wednesday, September 23rd. JPMorgan Chase & Co. upped 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. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,500 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Smiths Group presently has an average rating of “Moderate Buy” and an average 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.