Deutsche Bank AG Reaffirms Buy Rating for Smiths Group plc (SMIN)
A number of other research analysts have also weighed in on the stock. Jefferies Group raised their target price on shares of Smiths Group plc from GBX 1,200 ($14.86) to GBX 1,375 ($17.03) and gave the company a hold rating in a report on Friday, October 28th. Morgan Stanley raised their target price on shares of Smiths Group plc from GBX 890 ($11.02) to GBX 1,300 ($16.10) and gave the company an underweight rating in a report on Thursday, October 27th. Panmure Gordon reissued a sell rating and issued a GBX 800 ($9.91) target price on shares of Smiths Group plc in a report on Thursday, September 29th. JPMorgan Chase & Co. raised their target price on shares of Smiths Group plc from GBX 1,585 ($19.63) to GBX 1,600 ($19.82) and gave the company an overweight rating in a report on Thursday, September 29th. Finally, Societe Generale raised their target price on shares of Smiths Group plc from GBX 1,100 ($13.63) to GBX 1,400 ($17.34) and gave the company a hold rating in a report on Thursday, September 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 1,286.67 ($15.94).
Smiths Group plc (LON:SMIN) opened at 1412.00 on Tuesday. The company’s market capitalization is GBX 5.58 billion. The firm has a 50-day moving average of GBX 1,448.78 and a 200 day moving average of GBX 1,267.66. Smiths Group plc has a one year low of GBX 858.00 and a one year high of GBX 1,543.00.
The company also recently disclosed a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be issued a GBX 28.75 ($0.36) dividend. This is an increase from Smiths Group plc’s previous dividend of $13.25. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 20th.
In related news, insider Chris O’Shea sold 17,600 shares of Smiths Group plc stock in a transaction dated Friday, September 30th. The stock was sold at an average price of GBX 1,453 ($18.00), for a total value of £255,728 ($316,769.48).
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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