Smiths Group (LON:SMIN) Stock: Insider Simon Pryce Buys 192 Shares

Key Points

• Insider purchase: Smiths Group insider Simon Pryce bought 192 shares at GBX 2,709 each, for a total of £5,201.28.
• Stock performance: Shares rose GBX 55 to GBX 2,753, with the company valued at approximately £7.70 billion. The stock remains below its 52-week high of GBX 2,885.
• Analyst outlook: JPMorgan and Berenberg raised their price targets to GBX 3,100 and GBX 3,200, respectively. Analysts give Smiths Group a consensus “Moderate Buy” rating with an average target of GBX 2,910.

Smiths Group plc (LON:SMIN - Get Free Report) insider Simon Pryce acquired 192 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were bought at an average cost of GBX 2,709 per share, with a total value of £5,201.28.

Smiths Group Stock Performance

SMIN traded up GBX 55 on Monday, hitting GBX 2,753. 792,367 shares of the stock traded hands, compared to its average volume of 9,510,297. The business has a fifty day moving average price of GBX 2,666.53 and a two-hundred day moving average price of GBX 2,571.74. The company has a current ratio of 2.77, a quick ratio of 1.29 and a debt-to-equity ratio of 46.28. The firm has a market capitalization of £7.70 billion, a PE ratio of 4.40, a P/E/G ratio of 0.35 and a beta of 0.74. Smiths Group plc has a 52 week low of GBX 2,088 and a 52 week high of GBX 2,885.

Smiths Group (LON:SMIN - Get Free Report) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 49.50 EPS for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. On average, research analysts predict that Smiths Group plc will post 85.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on SMIN. JPMorgan Chase & Co. raised their price objective 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 raised their target price 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 given a Hold rating to the company. According to data from MarketBeat.com, Smiths Group has an average rating of "Moderate Buy" and a consensus price target 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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