Smiths Group plc (SMIN) Price Target Raised to GBX 1,400
Smiths Group plc (LON:SMIN) had its price objective hoisted by research analysts at Societe Generale from GBX 1,100 ($14.36) to GBX 1,400 ($18.27) in a report released on Thursday. The brokerage presently has a “hold” rating on the stock. Societe Generale’s price target would suggest a potential downside of 2.98% from the stock’s previous close.
Several other research firms have also commented on SMIN. JPMorgan Chase & Co. lifted their price objective on shares of Smiths Group plc from GBX 1,300 ($16.97) to GBX 1,585 ($20.69) and gave the stock an “overweight” rating in a research note on Tuesday, August 30th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 1,050 ($13.71) price objective (up from GBX 900 ($11.75)) on shares of Smiths Group plc in a research note on Wednesday, July 13th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 1,275 ($16.64) price objective on shares of Smiths Group plc in a research note on Friday, September 23rd. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,300 ($16.97) price objective on shares of Smiths Group plc in a research note on Wednesday, August 10th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Smiths Group plc in a research note on Monday. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,247.67 ($16.29).
Shares of Smiths Group plc (LON:SMIN) traded up 1.04% on Thursday, hitting GBX 1458.00. 1,242,751 shares of the stock were exchanged. Smiths Group plc has a 12 month low of GBX 858.00 and a 12 month high of GBX 1,480.00. The company 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 company’s market cap is GBX 5.76 billion.
The company 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. The ex-dividend date is Thursday, October 20th. This is an increase from Smiths Group plc’s previous dividend of $13.25. This represents a yield of 1.99%.
About Smiths Group plc
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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