Smiths Group (LON:SMIN) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Smiths Group (LON:SMIN) in a research note released on Tuesday, MarketBeat Ratings reports. Jefferies Financial Group currently has a GBX 2,180 ($27.71) price target on the stock.

Smiths Group Stock Up 0.5 %

Shares of LON SMIN opened at GBX 1,742 ($22.14) on Tuesday. The company’s 50-day simple moving average is GBX 1,653.42 and its 200-day simple moving average is GBX 1,657.71. Smiths Group has a 52-week low of GBX 1,517.50 ($19.29) and a 52-week high of GBX 1,776.50 ($22.58). The firm has a market cap of £6.03 billion, a price-to-earnings ratio of 2,639.39, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65. The company has a quick ratio of 1.29, a current ratio of 1.91 and a debt-to-equity ratio of 32.22.

Smiths Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, May 13th. Stockholders of record on Thursday, April 4th were given a GBX 13.55 ($0.17) dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 0.82%. Smiths Group’s dividend payout ratio (DPR) is 6,363.64%.

Insider Transactions at Smiths Group

In other news, insider Richard Howes bought 111 shares of Smiths Group stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of GBX 1,603 ($20.37) per share, with a total value of £1,779.33 ($2,261.48). Insiders own 0.60% of the company’s stock.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.