Smiths Group plc (SMIN) Given “Sell” Rating at Panmure Gordon
Panmure Gordon reissued their sell rating on shares of Smiths Group plc (LON:SMIN) in a research note issued to investors on Thursday. The brokerage currently has a GBX 800 ($10.44) price target on the stock.
Several other research firms also recently commented on SMIN. JPMorgan Chase & Co. raised their price objective on Smiths Group plc from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) and gave the stock an overweight rating in a report on Thursday. Societe Generale raised their price objective on Smiths Group plc from GBX 1,100 ($14.36) to GBX 1,400 ($18.27) and gave the stock a hold rating in a report on Thursday. Numis Securities Ltd restated an add rating and set a GBX 1,600 ($20.89) price objective on shares of Smiths Group plc in a report on Thursday. Credit Suisse Group AG raised their price objective on Smiths Group plc from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) and gave the stock an outperform rating in a report on Thursday. Finally, Beaufort Securities restated a hold rating on shares of Smiths Group plc in a report on Monday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,247.67 ($16.29).
Smiths Group plc (LON:SMIN) opened at 1457.00 on Thursday. The company’s market cap is GBX 5.76 billion. The firm has a 50-day moving average price of GBX 1,365.14 and a 200-day moving average price of GBX 1,191.94. Smiths Group plc has a 12-month low of GBX 858.00 and a 12-month high of GBX 1,480.00.
The company also recently declared a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 20th will be given a dividend of GBX 28.75 ($0.38) per share. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.99%. This is a boost from Smiths Group plc’s previous dividend of $13.25.
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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