Smiths Group (LON:SMIN) Insider Acquires £1,747.20 in Stock

Smiths Group plc (LON:SMIN) insider Richard Howes bought 70 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were bought at an average price of GBX 2,496 per share, for a total transaction of £1,747.20.

Smiths Group Stock Performance

Shares of LON:SMIN traded up GBX 10 during midday trading on Monday, reaching GBX 2,520. 960,169 shares of the company traded hands, compared to its average volume of 6,969,160. The firm’s fifty day moving average price is GBX 2,443.21 and its two-hundred day moving average price is GBX 2,406.74. Smiths Group plc has a 12 month low of GBX 1,671 and a 12 month high of GBX 2,664. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55. The firm has a market capitalization of £8.00 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Smiths Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 19th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on SMIN. Royal Bank Of Canada increased their target price on Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Smiths Group from GBX 2,820 to GBX 2,950 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Berenberg Bank restated a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research report on Friday, November 28th. Panmure Gordon reiterated a “buy” rating and issued a GBX 2,870 price target on shares of Smiths Group in a research report on Thursday, November 20th. Finally, Citigroup boosted their price objective on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 3,182.

Smiths Group Company Profile

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.