JPMorgan Chase & Co. Increases Smiths Group plc (SMIN) Price Target to GBX 1,612
Smiths Group plc (LON:SMIN) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from GBX 1,600 ($19.99) to GBX 1,612 ($20.14) in a report released on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 14.33% from the stock’s current price.
Several other research firms have also recently issued reports on SMIN. Societe Generale raised their price objective on Smiths Group plc from GBX 1,100 ($13.74) to GBX 1,400 ($17.49) and gave the stock a “hold” rating in a report on Thursday, September 29th. HSBC raised their price objective on Smiths Group plc from GBX 1,100 ($13.74) to GBX 1,300 ($16.24) and gave the stock a “hold” rating in a report on Tuesday, August 16th. Deutsche Bank AG restated a “buy” rating on shares of Smiths Group plc in a report on Tuesday, November 8th. Credit Suisse Group AG raised their price objective on Smiths Group plc from GBX 1,585 ($19.80) to GBX 1,600 ($19.99) and gave the stock an “outperform” rating in a report on Thursday, September 29th. Finally, Royal Bank Of Canada raised their price objective on Smiths Group plc from GBX 1,350 ($16.87) to GBX 1,450 ($18.12) and gave the stock an “outperform” rating in a report on Wednesday, August 10th. 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 stock. Smiths Group plc currently has an average rating of “Hold” and a consensus price target of GBX 1,287.47 ($16.09).
Shares of Smiths Group plc (LON:SMIN) opened at 1416.00 on Wednesday. Smiths Group plc has a 52-week low of GBX 858.00 and a 52-week high of GBX 1,543.00. The firm has a 50-day moving average price of GBX 1,447.24 and a 200-day moving average price of GBX 1,273.87. The stock’s market cap is GBX 5.60 billion.
The firm also recently announced a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 28.75 ($0.36) per share. This represents a dividend yield of 1.99%. This is a positive change from Smiths Group plc’s previous dividend of $13.25. The ex-dividend date of this dividend is Thursday, October 20th.
In other 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 ($18.15), for a total transaction of £255,728 ($319,500.25).
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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