Key Points
- Insider purchase: Director Simon Pryce bought 68 shares on Feb 2 at an average price of GBX 2,496 per share (total ~£1,697).
- Share buyback & analyst sentiment: The board announced a share buyback program (article notes an authorization of 0 shares), and analysts are broadly positive with a consensus "Moderate Buy" and an average target of GBX 3,182, with several firms raising targets (RBC GBX 4,300; Citi GBX 3,040).
- Valuation snapshot: SMIN trades around GBX 2,532 with a market cap of ~£8.04bn, a PE of ~29.7, and a 52‑week range of GBX 1,671–2,664.
Smiths Group plc (LON:SMIN - Get Free Report) insider Simon Pryce acquired 68 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of GBX 2,496 per share, with a total value of £1,697.28.
Smiths Group Stock Up 0.9%
SMIN stock opened at GBX 2,532 on Tuesday. The stock has a market capitalization of £8.04 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. Smiths Group plc has a 52 week low of GBX 1,671 and a 52 week 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 50 day moving average of GBX 2,445.49 and a 200 day moving average of GBX 2,407.98.
Smiths Group declared that its board has initiated a share buyback program on Wednesday, November 19th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SMIN. JPMorgan Chase & Co. upped their target price on Smiths Group from GBX 2,820 to GBX 2,950 and gave the company an "overweight" rating in a research report on Thursday, December 4th. Panmure Gordon reiterated a "buy" rating and set a GBX 2,870 price target on shares of Smiths Group in a research note on Thursday, November 20th. Berenberg Bank reissued a "hold" rating and issued a GBX 2,750 price objective on shares of Smiths Group in a report on Friday, November 28th. Citigroup lifted their target price 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, Royal Bank Of Canada upped their target price on Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a "buy" rating in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 3,182.
View Our Latest Stock Analysis on Smiths Group
Smiths Group Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
