JPMorgan Chase & Co. Has Lowered Expectations for Smiths Group (LON:SMIN) Stock Price

Smiths Group (LON:SMIN) had its target price reduced by JPMorgan Chase & Co. from GBX 3,040 to GBX 2,830 in a note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 26.45% from the stock’s current price.

SMIN has been the subject of a number of other reports. Royal Bank Of Canada increased their price target on Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a research note on Thursday, January 29th. 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. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research report on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,158.

Smiths Group Price Performance

SMIN stock traded up GBX 120 during midday trading on Monday, hitting GBX 2,238. The company’s stock had a trading volume of 66,631,852 shares, compared to its average volume of 6,989,742. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19. Smiths Group has a 12 month low of GBX 1,671 and a 12 month high of GBX 2,746. The company has a 50 day moving average of GBX 2,565.64 and a two-hundred day moving average of GBX 2,464.08. The firm has a market capitalization of £6.99 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 0.35 and a beta of 0.59.

Smiths Group (LON:SMIN) last announced its quarterly earnings results on Friday, March 20th. The company reported GBX 62 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. On average, analysts expect that Smiths Group will post 85.1295337 EPS for the current year.

Insider Activity

In related news, insider Simon Pryce acquired 68 shares of the stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of GBX 2,496 per share, with a total value of £1,697.28. Also, insider Richard Howes bought 70 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was bought at an average price of GBX 2,496 per share, with a total value of £1,747.20. Company 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.