Smiths Group (LON:SMIN – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued to clients and investors on Friday,London Stock Exchange reports. They currently have a GBX 3,000 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 21.85% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating for the company in a report on Monday, March 23rd. Citigroup raised 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, Jefferies Financial Group reduced their price target on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,131.67.
Get Our Latest Analysis on Smiths Group
Smiths Group Trading Down 1.1%
Smiths Group (LON:SMIN – Get Free Report) last posted its quarterly earnings data on Friday, March 20th. The company reported GBX 62 earnings per share for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. Analysts predict that Smiths Group will post 85.1295337 EPS for the current fiscal year.
Insider Activity at Smiths Group
In other Smiths Group news, insider Richard Howes acquired 70 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of GBX 2,532 per share, for a total transaction of £1,772.40. Also, insider Alister Cowan acquired 5,000 shares of the company’s stock in a transaction that occurred on Sunday, March 22nd. The stock was acquired at an average price of GBX 2,268 per share, with a total value of £113,400. Insiders acquired a total of 5,276 shares of company stock worth $12,038,832 in the last quarter. 0.81% of the stock is owned by insiders.
About Smiths Group
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.
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