Smiths Group (LON:SMIN) Receives Overweight Rating from JPMorgan Chase & Co.

Key Points

• Smiths Group received an "overweight" rating from JPMorgan Chase & Co., indicating a favorable outlook on the stock's performance.
• The company's shares opened at GBX 2,424, with a 12-month trading range between GBX 1,514.66 and GBX 2,550.
• Insider purchases of Smiths Group shares, including a total of 1,091 shares worth approximately £1.64 million over the last ninety days, suggest confidence in the company’s future performance.

Smiths Group (LON:SMIN - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at JPMorgan Chase & Co. in a research note issued on Friday,Digital Look reports.

Smiths Group Trading Up 2.5%

Shares of SMIN stock opened at GBX 2,424 on Friday. Smiths Group has a 12-month low of GBX 1,514.66 and a 12-month high of GBX 2,550. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55. The stock's 50-day moving average price is GBX 2,354.12 and its 200-day moving average price is GBX 2,188.63. The stock has a market capitalization of £7.87 billion, a price-to-earnings ratio of 2,841.74, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN - Get Free Report) last issued its earnings results on Tuesday, September 23rd. The company reported GBX 85.70 earnings per share (EPS) for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. Equities research analysts predict that Smiths Group will post 85.1295337 EPS for the current fiscal year.

Insiders Place Their Bets

In other Smiths Group news, insider Karin Hoeing bought 242 shares of the business's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of GBX 2,340 per share, with a total value of £5,662.80. Also, insider Richard Howes purchased 76 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of GBX 2,340 per share, with a total value of £1,778.40. In the last ninety days, insiders bought 1,091 shares of company stock worth $1,643,119. Corporate insiders own 0.75% of the company's stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology 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 offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.

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