Smiths Group (LON:SMIN) Insider Simon Pryce Purchases 68 Shares of Stock

Smiths Group plc (LON:SMIN) insider Simon Pryce bought 68 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were acquired at an average price of GBX 2,496 per share, for a total transaction of £1,697.28.

Smiths Group Price Performance

Shares of SMIN opened at GBX 2,532 on Tuesday. The company has a 50 day moving average price of GBX 2,445.49 and a 200-day moving average price of GBX 2,407.98. Smiths Group plc has a fifty-two week low of GBX 1,671 and a fifty-two week high of GBX 2,664. The stock has a market capitalization of £8.04 billion, a PE ratio of 29.68, a PEG ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07.

Smiths Group declared that its Board of Directors has approved a share repurchase program on Wednesday, November 19th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently commented on SMIN. Royal Bank Of Canada boosted their price target on Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Citigroup boosted their target price on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Panmure Gordon reissued a “buy” rating and set a GBX 2,870 price target on shares of Smiths Group in a research report on Thursday, November 20th. JPMorgan Chase & Co. raised their price target on shares of Smiths Group from GBX 2,820 to GBX 2,950 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,750 price objective on shares of Smiths Group in a research report on Friday, November 28th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.