Smiths Group (LON:SMIN) Sets New 12-Month High - Here's What Happened

Key Points

• Smiths Group shares reached a new 52-week high, trading as high as GBX 2,864.50 and closing near that level at GBX 2,863, up from the previous close of GBX 2,816.
• Analyst sentiment is generally positive: JPMorgan and Berenberg raised their price targets to GBX 3,100 and GBX 3,200, respectively. The stock has a “Moderate Buy” consensus rating and an average price target of GBX 2,910.
• Smiths Group reported quarterly EPS of GBX 49.50, while insider Richard Howes bought 67 shares worth approximately £1,781; insiders own 0.86% of the company.

Smiths Group plc (LON:SMIN - Get Free Report)'s stock price reached a new 52-week high during trading on Monday. The stock traded as high as GBX 2,864.50 and last traded at GBX 2,863, with a volume of 368385 shares. The stock had previously closed at GBX 2,816.

Analyst Upgrades and Downgrades

SMIN has been the topic of several analyst reports. JPMorgan Chase & Co. lifted 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 upped 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 2,500 price objective on shares of Smiths Group in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 2,750 price objective on shares of Smiths Group in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,910.

Smiths Group Stock Up 0.4%

The company has a market capitalization of £8.13 billion, a PE ratio of 36.81, a PEG ratio of 0.35 and a beta of 0.74. The company's 50 day moving average is GBX 2,622.10 and its two-hundred day moving average is GBX 2,533.48. The company has a quick ratio of 1.29, a current ratio of 2.77 and a debt-to-equity ratio of 46.28.

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

Insider Buying and Selling

In other news, insider Richard Howes purchased 67 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost of GBX 2,658 per share, with a total value of £1,780.86. Insiders own 0.86% of the company's stock.

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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