Smiths Group plc (LON:SMIN – Get Free Report)’s share price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 2,672.19 and traded as low as GBX 2,595. Smiths Group shares last traded at GBX 2,615, with a volume of 77,848,422 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on SMIN shares. Berenberg Bank boosted their price objective on Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. 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 research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Smiths Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,910.
View Our Latest Research Report on SMIN
Smiths Group Stock Down 0.9%
The company has a quick ratio of 1.29, a current ratio of 2.77 and a debt-to-equity ratio of 46.28. The stock has a fifty day moving average price of GBX 2,672.19 and a two-hundred day moving average price of GBX 2,575.05. The company has a market cap of £7.25 billion, a price-to-earnings ratio of 4.14, a P/E/G ratio of 0.35 and a beta of 0.74.
Smiths Group (LON:SMIN – Get Free Report) last released its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. As a group, sell-side analysts expect that Smiths Group plc will post 85.13 EPS for the current year.
Insider Buying and Selling
In other news, insider Laurence Mulliez acquired 702 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average price of GBX 2,831 per share, with a total value of £19,873.62. Also, insider Richard Howes acquired 65 shares of Smiths Group stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of GBX 2,709 per share, for a total transaction of £1,760.85. Insiders have purchased a total of 959 shares of company stock worth $2,683,575 over the last three months. Company insiders own 0.81% of the company’s stock.
Smiths Group Company Profile
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.
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