JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Smiths Group plc (SMIN)
JPMorgan Chase & Co. reissued their overweight rating on shares of Smiths Group plc (LON:SMIN) in a research note issued to investors on Tuesday. The firm currently has a GBX 1,600 ($19.82) target price on the stock.
SMIN has been the subject of several other research reports. Numis Securities Ltd reiterated an add rating and issued a GBX 1,600 ($19.82) price objective on shares of Smiths Group plc in a research note on Thursday, September 29th. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 1,275 ($15.79) price objective on shares of Smiths Group plc in a research note on Friday, September 23rd. Panmure Gordon reiterated a sell rating and issued a GBX 800 ($9.91) price objective on shares of Smiths Group plc in a research note on Thursday, September 29th. Societe Generale lifted their price objective on Smiths Group plc from GBX 1,100 ($13.63) to GBX 1,400 ($17.34) and gave the company a hold rating in a research note on Thursday, September 29th. Finally, Beaufort Securities reiterated a hold rating on shares of Smiths Group plc in a research note on Monday, September 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Smiths Group plc presently has an average rating of Hold and a consensus target price of GBX 1,286.67 ($15.94).
Shares of Smiths Group plc (LON:SMIN) opened at 1412.00 on Tuesday. Smiths Group plc has a 12 month low of GBX 858.00 and a 12 month high of GBX 1,543.00. The company has a 50-day moving average price of GBX 1,448.78 and a 200-day moving average price of GBX 1,267.66. The stock’s market cap is GBX 5.58 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 given a dividend of GBX 28.75 ($0.36) per share. This represents a yield of 1.99%. This is an increase from Smiths Group plc’s previous dividend of $13.25. The ex-dividend date of this dividend is Thursday, October 20th.
In other Smiths Group plc news, insider Chris O’Shea sold 17,600 shares of the business’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of GBX 1,453 ($18.00), for a total transaction 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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