Smiths Group (LON:SMIN – Get Free Report) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from GBX 2,830 to GBX 2,810 in a research report issued on Friday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.72% from the company’s current price.
A number of other brokerages also recently issued reports on SMIN. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a report on Friday. Citigroup upped their price objective on Smiths Group from GBX 2,950 to GBX 3,040 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Jefferies Financial Group cut their target price on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating for the company in a report on Thursday. Finally, Royal Bank Of Canada boosted their price target 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 3,128.33.
View Our Latest Stock Report on SMIN
Smiths Group Stock Up 0.2%
Smiths Group (LON:SMIN – Get Free Report) 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, sell-side analysts forecast that Smiths Group will post 85.1295337 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Smiths Group news, insider Richard Howes bought 70 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce purchased 206 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of GBX 2,532 per share, with a total value of £5,215.92. Insiders bought a total of 5,276 shares of company stock valued at $12,038,832 over the last 90 days. Insiders own 0.81% 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. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.
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