Alister Cowan Purchases 5,000 Shares of Smiths Group (LON:SMIN) Stock

Smiths Group plc (LON:SMIN) insider Alister Cowan bought 5,000 shares of the stock in a transaction that occurred on Sunday, March 22nd. The stock was bought at an average cost of GBX 2,268 per share, for a total transaction of £113,400.

Smiths Group Stock Performance

Shares of LON SMIN opened at GBX 2,338 on Thursday. The stock has a 50 day moving average price of GBX 2,554.73 and a 200 day moving average price of GBX 2,461.70. Smiths Group plc has a 52 week low of GBX 1,671 and a 52 week high of GBX 2,746. 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 stock has a market capitalization of £7.30 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 0.35 and a beta of 0.59.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on SMIN. Citigroup upped their price target on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. Berenberg Bank restated a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a research note on Friday, November 28th. JPMorgan Chase & Co. dropped their target price on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating on the stock in a report on Monday. Finally, Royal Bank Of Canada raised their target price on shares of 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,158.

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.