Insider Buying: Smiths Group (LON:SMIN) Insider Purchases £1,760.85 in Stock

Key Points

• Insider Richard Howes purchased 65 Smiths Group shares at GBX 2,709 each, for a total investment of £1,760.85.
• Smiths Group shares rose to GBX 2,753 during Monday trading, giving the company a market capitalization of approximately £7.70 billion.
• Analysts maintain a “Moderate Buy” consensus, with four Buy ratings, two Holds and an average price target of GBX 2,910.

Smiths Group plc (LON:SMIN - Get Free Report) insider Richard Howes purchased 65 shares of Smiths Group stock in a transaction on Monday, November 2nd. The shares were acquired at an average cost of GBX 2,709 per share, with a total value of £1,760.85.

Smiths Group Stock Performance

SMIN traded up GBX 55 during midday trading on Monday, hitting GBX 2,753. 792,367 shares of the company were exchanged, compared to its average volume of 9,510,297. The company's 50 day simple moving average is GBX 2,666.53 and its 200 day simple moving average is GBX 2,571.74. The firm has a market capitalization of £7.70 billion, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. The company has a current ratio of 2.77, a quick ratio of 1.29 and a debt-to-equity ratio of 46.28. Smiths Group plc has a 1-year low of GBX 2,088 and a 1-year high of GBX 2,885.

Smiths Group (LON:SMIN - Get Free Report) last posted 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, sell-side analysts predict that Smiths Group plc will post 85.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SMIN. JPMorgan Chase & Co. raised their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an "overweight" rating in a research report on Tuesday, July 28th. Berenberg Bank increased their price target on Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a "buy" rating in a research report on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 2,910.

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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