Smiths Group (LON:SMIN) Earns “Hold” Rating from Jefferies Financial Group

Smiths Group (LON:SMIN)‘s stock had its “hold” rating reissued by analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 2,750 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 8.10% from the company’s current price.

Several other equities analysts also recently issued reports on SMIN. 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. decreased their target price on Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,500 target price on shares of Smiths Group in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Smiths Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,828.33.

Smiths Group Price Performance

Shares of LON:SMIN traded down GBX 16 during trading on Wednesday, reaching GBX 2,544. The stock had a trading volume of 879,135 shares, compared to its average volume of 11,428,673. The stock has a market capitalization of £7.65 billion, a PE ratio of 33.12, a P/E/G ratio of 0.35 and a beta of 0.73. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29. Smiths Group has a 52 week low of GBX 2,088 and a 52 week high of GBX 2,746. The business’s 50-day moving average price is GBX 2,519.86 and its 200 day moving average price is GBX 2,499.05.

Insider Buying and Selling at Smiths Group

In other news, insider Richard Howes bought 70 shares of the stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce bought 206 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of GBX 2,532 per share, with a total value of £5,215.92. 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.