Smiths Group (LON:SMIN) Given New GBX 4,300 Price Target at Royal Bank Of Canada

Smiths Group (LON:SMIN) had its target price increased by Royal Bank Of Canada from GBX 3,500 to GBX 4,300 in a report published on Thursday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on SMIN. Citigroup increased their price target on Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a research report on Tuesday. Berenberg Bank reissued a “hold” rating and issued a GBX 2,750 price objective on shares of Smiths Group in a report on Friday, November 28th. Panmure Gordon reissued a “buy” rating and issued a GBX 2,870 target price on shares of Smiths Group in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Smiths Group from GBX 2,820 to GBX 2,950 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,182.

Smiths Group Trading Up 0.6%

Smiths Group stock opened at GBX 2,522 on Thursday. The company has a market cap of £8.01 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 0.35 and a beta of 0.66. The firm has a 50-day moving average of GBX 2,440.97 and a 200-day moving average of GBX 2,404.08. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. Smiths Group has a one year low of GBX 1,671 and a one year high of GBX 2,664.

Smiths Group declared that its Board of Directors has approved a share buyback plan on Wednesday, November 19th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Richard Howes acquired 70 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of GBX 2,522 per share, for a total transaction of £1,765.40. Also, insider Karin Hoeing acquired 224 shares of Smiths Group stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of GBX 2,522 per share, with a total value of £5,649.28. 0.78% of the stock is owned by corporate insiders.

Smiths Group Company Profile

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.