Smiths Group plc (SMIN) Price Target Raised to GBX 1,600 at Credit Suisse Group AG
Smiths Group plc (LON:SMIN) had its price objective hoisted by analysts at Credit Suisse Group AG from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) in a research note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s price objective suggests a potential upside of 10.88% from the company’s previous close.
SMIN has been the subject of a number of other reports. Beaufort Securities reaffirmed a “hold” rating on shares of Smiths Group plc in a research report on Monday. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 1,300 ($16.97) price objective on shares of Smiths Group plc in a research report on Wednesday, August 10th. BNP Paribas reiterated an “underperform” rating and set a GBX 900 ($11.75) target price on shares of Smiths Group plc in a research note on Monday, June 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,300 ($16.97) target price on shares of Smiths Group plc in a research note on Wednesday, August 10th. Finally, Royal Bank Of Canada increased their target price on Smiths Group plc from GBX 1,350 ($17.62) to GBX 1,450 ($18.93) and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Smiths Group plc has an average rating of “Hold” and an average target price of GBX 1,206.67 ($15.75).
Smiths Group plc (LON:SMIN) opened at 1472.00 on Thursday. Smiths Group plc has a 1-year low of GBX 858.00 and a 1-year high of GBX 1,474.00. The firm’s market cap is GBX 5.82 billion. The firm has a 50-day moving average price of GBX 1,361.41 and a 200-day moving average price of GBX 1,190.05.
The firm also recently announced a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 20th will be issued a GBX 28.75 ($0.38) dividend. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 20th. This is an increase from Smiths Group plc’s previous dividend of $13.25.
Smiths Group plc Company Profile
Smiths Group plc is a technology company. The Company operates through five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. John Crane division offers mechanical seals, seal support systems, engineered bearings, power transmission couplings and filtration systems.
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