Smiths Group plc’s (SMIN) “Buy” Rating Reiterated at Deutsche Bank AG
Smiths Group plc (LON:SMIN)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a report issued on Wednesday.
SMIN has been the topic of a number of other research reports. Beaufort Securities reiterated a “hold” rating on shares of Smiths Group plc in a research report on Monday, September 26th. JPMorgan Chase & Co. increased their price objective on Smiths Group plc from GBX 1,600 ($19.99) to GBX 1,612 ($20.14) and gave the stock an “overweight” rating in a research report on Wednesday. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,280 ($15.99) price objective on shares of Smiths Group plc in a research report on Thursday, August 11th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 1,300 ($16.24) price objective on shares of Smiths Group plc in a research report on Wednesday, August 10th. Finally, Morgan Stanley increased their price objective on Smiths Group plc from GBX 890 ($11.12) to GBX 1,300 ($16.24) and gave the stock an “underweight” rating in a research report on Thursday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,287.47 ($16.09).
Shares of Smiths Group plc (LON:SMIN) opened at 1416.00 on Wednesday. The company’s market cap is GBX 5.60 billion. 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. Smiths Group plc has a 52-week low of GBX 858.00 and a 52-week high of GBX 1,543.00.
The firm also recently announced a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be paid a GBX 28.75 ($0.36) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This is a boost from Smiths Group plc’s previous dividend of $13.25. This represents a dividend yield of 1.99%.
In related news, insider Chris O’Shea sold 17,600 shares of the firm’s 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 value 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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