Smiths Group (LON:SMIN) Sets New 12-Month High at $1,760.50

Smiths Group plc (LON:SMIN)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 1,760.50 ($23.16) and last traded at GBX 1,756.50 ($23.11), with a volume of 200261 shares trading hands. The stock had previously closed at GBX 1,712.50 ($22.53).

SMIN has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on shares of Smiths Group from GBX 1,550 ($20.39) to GBX 1,690 ($22.23) and gave the company an “underperform” rating in a report on Friday, January 17th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Smiths Group in a research note on Thursday, December 5th. Bank of America raised shares of Smiths Group to a “buy” rating in a research note on Wednesday, January 8th. Liberum Capital reaffirmed a “hold” rating on shares of Smiths Group in a research note on Tuesday, January 7th. Finally, Goldman Sachs Group upped their price objective on shares of Smiths Group from GBX 1,880 ($24.73) to GBX 1,900 ($24.99) and gave the company a “buy” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,812 ($23.84).

The stock’s 50 day moving average price is GBX 1,693.15 and its 200 day moving average price is GBX 1,629.14. The company has a current ratio of 2.94, a quick ratio of 1.13 and a debt-to-equity ratio of 63.38. The company has a market cap of $6.78 billion and a price-to-earnings ratio of 31.14.

In related news, insider Andrew Reynolds Smith sold 11,566 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of GBX 1,658 ($21.81), for a total transaction of £191,764.28 ($252,255.04). Also, insider George Buckley bought 770 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of GBX 1,624 ($21.36) per share, with a total value of £12,504.80 ($16,449.36).

About Smiths Group (LON:SMIN)

Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.

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