Smiths Group (LON:SMIN) Insider Alister Cowan Buys 5,000 Shares

Smiths Group plc (LON:SMIN) insider Alister Cowan acquired 5,000 shares of the business’s stock in a transaction that occurred on Sunday, March 22nd. The stock was acquired at an average cost of GBX 2,268 per share, with a total value of £113,400.

Smiths Group Trading Up 1.6%

Shares of SMIN stock opened at GBX 2,246.62 on Wednesday. The company’s fifty day simple moving average is GBX 2,557.17 and its two-hundred day simple moving average is GBX 2,462.57. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29. Smiths Group plc has a 1 year low of GBX 1,671 and a 1 year high of GBX 2,746. The stock has a market capitalization of £7.01 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 0.35 and a beta of 0.59.

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%. As a group, analysts anticipate that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SMIN. Berenberg Bank restated a “hold” rating and issued a GBX 2,750 target price on shares of Smiths Group in a research note on Friday, November 28th. Citigroup increased 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. JPMorgan Chase & Co. cut their price objective on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada boosted their price objective 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 3,158.

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.