Zacks Investment Research cut shares of Smiths Group PLC (OTCMKTS:SMGZY) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Smiths Group plc is a technology company. The Company designs, manufactures and delivers products and services for the threat & contraband detection, medical devices, energy and communications market. Its operating segment consists John Crane sector provides mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialist filtration systems, Smiths Medical sector provides infusion systems, vascular access, patient airway and temperature management equipment and specialty devices. Smiths Detection sector provides sensors that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect sector provides specialised electronic and radio frequency components and sub-systems that connect, protect and control critical systems; Flex-Tek division provides engineered components that heat and move fluids and gases, flexible hosing and rigid tubing. Smiths Group plc is headquartered in London, the United Kingdom. “

Analyst Recommendations for Smiths Group PLC (OTCMKTS:SMGZY)

Shares of Smiths Group PLC (OTCMKTS:SMGZY) opened at 18.25 on Wednesday. Smiths Group PLC has a 12-month low of $12.17 and a 12-month high of $19.58. The stock has a 50 day moving average of $18.47 and a 200-day moving average of $16.87. The company has a market capitalization of $7.21 billion and a P/E ratio of 22.12.

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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