Smiths Group (LON:SMIN) Reaches New 1-Year High – Here’s Why

Smiths Group plc (LON:SMINGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,754.18 and last traded at GBX 2,726, with a volume of 342016 shares traded. The stock had previously closed at GBX 2,688.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SMIN shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a report on Wednesday, July 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,000 price objective on shares of Smiths Group in a report on Friday, May 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,500 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. upped their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Smiths Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,876.67.

Check Out Our Latest Stock Analysis on Smiths Group

Smiths Group Price Performance

The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04. The company’s fifty day simple moving average is GBX 2,556.07 and its two-hundred day simple moving average is GBX 2,532.84. The stock has a market capitalization of £8.07 billion, a PE ratio of 35.21, a P/E/G ratio of 0.35 and a beta of 0.73.

Insider Activity

In other Smiths Group news, insider Richard Howes purchased 67 shares of Smiths Group stock in a transaction on Monday, August 3rd. The shares were bought at an average price of GBX 2,658 per share, with a total value of £1,780.86. 0.81% of the stock is owned by company insiders.

About Smiths Group

(Get Free Report)

For 175 years, we have been pioneers of progress, engineering a better future. Our strategy is to be a focused, efficient and value creating industrial engineering company operating in the attractive and growing market segments of flow control, thermal solutions, construction and aerospace.

We focus on solving the toughest problems for our customers, helping address critical global needs such as decarbonisation and the ever-increasing demand for process and energy efficiency.

We are pioneers of progress.

Further Reading

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