Smiths Group (LON:SMIN) Insider Alister Cowan Acquires 5,000 Shares

Key Points

• Insider purchase: Smiths Group insider Alister Cowan acquired 5,000 shares on March 22 at an average price of GBX 2,268, a total value of about £113,400.
• Analyst sentiment: Four analysts rate the stock Buy and one rates it Hold, resulting in a consensus rating of Moderate Buy with an average price target of GBX 3,158.
• Stock & financials: The share price sits near GBX 2,248 within a 12‑month range of GBX 1,671–2,746, the company has a market cap of £7.02bn and a PE ratio of 26.35, reported quarterly EPS of GBX 62, and analysts forecast ~85.13 EPS for the year.

Smiths Group plc (LON:SMIN - Get Free Report) insider Alister Cowan acquired 5,000 shares of the company's stock in a transaction that occurred on Sunday, March 22nd. The shares were acquired at an average price of GBX 2,268 per share, with a total value of £113,400.

Smiths Group Stock Performance

LON:SMIN opened at GBX 2,248 on Tuesday. Smiths Group plc has a twelve month low of GBX 1,671 and a twelve month high of GBX 2,746. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19. The stock's 50-day simple moving average is GBX 2,561.24 and its 200 day simple moving average is GBX 2,463.34. The firm has a market capitalization of £7.02 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.59.

Smiths Group (LON:SMIN - Get Free Report) last issued its earnings results on Friday, March 20th. The company reported GBX 62 EPS for the quarter. Smiths Group had a return on equity of 13.71% and a net margin of 11.39%. On average, analysts anticipate that Smiths Group plc will post 85.1295337 EPS for the current fiscal year.

Analyst Ratings Changes

SMIN has been the subject of several research reports. Citigroup increased their price objective on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an "overweight" rating in a research note on Tuesday, January 27th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,750 target price on shares of Smiths Group in a research note on Friday, November 28th. Royal Bank Of Canada upped their price target on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a "buy" rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target on Smiths Group from GBX 3,040 to GBX 2,830 and set an "overweight" rating for the company in a research note on Monday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Smiths Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,158.

About Smiths Group

Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.