Smiths Group plc (LON:SMIN) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Smiths Group has a “Moderate Buy” consensus rating from six analysts: four recommend buying the stock and two advise holding it. The average 12-month price target is GBX 2,876.67, above its reported opening price of GBX 2,612.
• Analyst views include JPMorgan raising its target to GBX 3,100 with an “overweight” rating, while Jefferies and RBC maintained hold-equivalent ratings with targets of GBX 2,750 and GBX 2,500, respectively.
• Smiths Group shares trade between a 1-year range of GBX 2,088 and GBX 2,754.18, with a £7.70 billion market capitalization; insider ownership is 0.85%, and insider Richard Howes recently purchased 67 shares.

Smiths Group plc (LON:SMIN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,876.67.

Several equities research analysts recently commented on SMIN shares. Jefferies Financial Group reiterated a "hold" rating and set a GBX 2,750 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 2,500 price target on shares of Smiths Group in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price target on shares of 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, Berenberg Bank reiterated a "buy" rating and set a GBX 3,000 price target on shares of Smiths Group in a report on Friday, May 22nd.

Insider Transactions at Smiths Group

In related news, insider Richard Howes bought 67 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of GBX 2,658 per share, with a total value of £1,780.86. 0.85% of the stock is currently owned by corporate insiders.

Smiths Group Stock Performance

LON:SMIN opened at GBX 2,612 on Friday. The stock's 50-day moving average is GBX 2,601.58 and its 200-day moving average is GBX 2,540.82. Smiths Group has a 1-year low of GBX 2,088 and a 1-year high of GBX 2,754.18. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19. The stock has a market cap of £7.70 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73.

Smiths Group Company Profile

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.

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