Smiths Group (LON:SMIN) Sets New 12-Month High – Time to Buy?

Shares of Smiths Group plc (LON:SMIN) reached a new 52-week high on Thursday . The company traded as high as GBX 2,558 and last traded at GBX 2,556, with a volume of 730877 shares traded. The stock had previously closed at GBX 2,546.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Smiths Group in a research report on Friday, October 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Smiths Group Stock Performance

The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07. The business’s 50-day moving average is GBX 2,413.04 and its 200-day moving average is GBX 2,287.11. The company has a market capitalization of £8.26 billion, a PE ratio of 29.91, a PEG ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN) last announced its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 85.70 earnings per share for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. On average, research analysts anticipate that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Richard Howes bought 70 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of GBX 2,522 per share, with a total value of £1,765.40. Also, insider Roland Carter sold 29,313 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total value of £709,667.73. Corporate insiders own 0.78% of the company’s stock.

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.