Smiths Group (LON:SMIN) Insider Laurence Mulliez Acquires 702 Shares of Company Stock

Key Points

• Insider Laurence Mulliez purchased 702 Smiths Group shares at GBX 2,831 each, for a total investment of approximately £19,874.
• Smiths Group shares recently traded at GBX 2,825, near their one-year high of GBX 2,885, with a market capitalization of about £8.13 billion.
• Analyst sentiment is positive, with a consensus rating of “Moderate Buy” and an average price target of GBX 2,910; recent targets from JPMorgan and Berenberg range from GBX 3,100 to GBX 3,200.

Smiths Group plc (LON:SMIN - Get Free Report) insider Laurence Mulliez purchased 702 shares of the business's stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of GBX 2,831 per share, with a total value of £19,873.62.

Smiths Group Stock Performance

Smiths Group stock traded down GBX 2 during trading hours on Tuesday, hitting GBX 2,825. The company had a trading volume of 1,618,406 shares, compared to its average volume of 9,727,672. The firm has a market cap of £8.13 billion, a PE ratio of 36.78, a PEG ratio of 0.35 and a beta of 0.74. 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 plc has a one year low of GBX 2,088 and a one year high of GBX 2,885. The firm has a 50-day moving average of GBX 2,627.35 and a 200 day moving average of GBX 2,535.07.

Smiths Group (LON:SMIN - Get Free Report) last released its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share (EPS) for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. On average, sell-side analysts expect that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMIN has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Berenberg Bank upped their target price on Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a "buy" rating in a research report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 2,750 price target on shares of Smiths Group in a report on Wednesday, July 1st. Finally, 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 note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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