Smiths Group (LON:SMIN) Insider Richard Howes Purchases 70 Shares

Smiths Group plc (LON:SMIN) insider Richard Howes purchased 70 shares of Smiths Group stock in a transaction on Monday, February 2nd. The stock was bought at an average price of GBX 2,496 per share, with a total value of £1,747.20.

Smiths Group Trading Up 0.9%

SMIN opened at GBX 2,532 on Tuesday. The company has a fifty day moving average price of GBX 2,445.49 and a two-hundred day moving average price of GBX 2,407.98. Smiths Group plc has a 1-year low of GBX 1,671 and a 1-year high of GBX 2,664. The company has a market cap of £8.04 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55.

Smiths Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 19th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SMIN shares. Royal Bank Of Canada increased their price target on Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a report on Thursday, January 29th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research report on Friday, November 28th. Panmure Gordon reiterated a “buy” rating and issued a GBX 2,870 target price on shares of Smiths Group in a report on Thursday, November 20th. Citigroup boosted their price target 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Smiths Group from GBX 2,820 to GBX 2,950 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Smiths Group has an average rating of “Moderate Buy” and a consensus target price of GBX 3,182.

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.