JPMorgan Chase & Co. Reaffirms Overweight Rating for Smiths Group (LON:SMIN)

Smiths Group (LON:SMIN)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Marketbeat Ratings reports.

Smiths Group Stock Up 1.7%

SMIN opened at GBX 2,406 on Friday. Smiths Group has a twelve month low of GBX 1,514.66 and a twelve month high of GBX 2,550. The company’s 50-day moving average price is GBX 2,355.92 and its two-hundred day moving average price is GBX 2,193.53. The stock has a market cap of £7.82 billion, a price-to-earnings ratio of 2,820.63, a PEG ratio of 0.35 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55.

Smiths Group (LON:SMIN) last posted its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 85.70 EPS for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. As a group, equities analysts expect that Smiths Group will post 85.1295337 earnings per share for the current year.

Insider Buying and Selling at Smiths Group

In related news, insider Julian Fagge sold 26,199 shares of Smiths Group stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total value of £634,277.79. Also, insider Richard Howes bought 76 shares of the stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of GBX 2,340 per share, for a total transaction of £1,778.40. Insiders have bought 1,091 shares of company stock worth $1,643,119 over the last three months. Company 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.