Smiths Group (LON:SMIN) Price Target Lowered to GBX 2,830 at JPMorgan Chase & Co.

Smiths Group (LON:SMIN) had its price target cut by JPMorgan Chase & Co. from GBX 3,040 to GBX 2,830 in a research note published on Monday, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently commented on SMIN. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research note on Friday, November 28th. Royal Bank Of Canada increased their price target on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Citigroup raised their price target 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,158.

Smiths Group Stock Up 5.7%

Shares of LON:SMIN opened at GBX 2,238 on Monday. Smiths Group has a 52-week low of GBX 1,671 and a 52-week high of GBX 2,746. The stock has a market cap of £6.99 billion, a P/E ratio of 26.24, a PEG ratio of 0.35 and a beta of 0.59. The business has a fifty day moving average of GBX 2,561.24 and a two-hundred day moving average of GBX 2,463.34. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19.

Smiths Group (LON:SMIN) last posted its quarterly earnings results on Friday, March 20th. The company reported GBX 62 EPS for the quarter. Smiths Group had a return on equity of 13.71% and a net margin of 11.39%. On average, research analysts expect that Smiths Group will post 85.1295337 earnings per share for the current year.

Insider Transactions at Smiths Group

In related news, insider Richard Howes bought 70 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were bought at an average price of GBX 2,496 per share, with a total value of £1,747.20. Also, insider Simon Pryce bought 68 shares of the stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of GBX 2,496 per share, with a total value of £1,697.28. 0.81% of the stock is currently owned by company 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.