Smiths Group plc (SMIN) Earns Overweight Rating from J P Morgan Chase & Co
Smiths Group plc (LON:SMIN)‘s stock had its “overweight” rating reaffirmed by equities research analysts at J P Morgan Chase & Co in a research report issued on Tuesday. They currently have a GBX 1,730 ($23.32) target price on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 8.53% from the stock’s current price.
Several other research analysts have also recently weighed in on SMIN. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,750 ($23.59) price objective on shares of Smiths Group plc in a report on Monday, May 22nd. Numis Securities Ltd cut shares of Smiths Group plc to a “hold” rating and set a GBX 1,775 ($23.93) price objective for the company. in a report on Monday, May 22nd. Royal Bank Of Canada boosted their price objective on shares of Smiths Group plc from GBX 1,750 ($23.59) to GBX 1,775 ($23.93) and gave the company an “outperform” rating in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Smiths Group plc in a report on Friday, July 14th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 1,630 ($21.98) price objective on shares of Smiths Group plc in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 1,578.85 ($21.29).
Shares of Smiths Group plc (LON SMIN) opened at 1594.00 on Tuesday. Smiths Group plc has a 52 week low of GBX 1,344.73 and a 52 week high of GBX 1,685.00. The stock’s 50 day moving average is GBX 1,560.50 and its 200 day moving average is GBX 1,593.32. The stock’s market cap is GBX 6.30 billion.
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In other news, insider Andrew Reynolds Smith sold 28,427 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of GBX 1,593 ($21.48), for a total value of £452,842.11 ($610,546.19). Also, insider George Buckley acquired 431 shares of Smiths Group plc stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of GBX 1,544 ($20.82) per share, with a total value of £6,654.64 ($8,972.15).
About Smiths Group plc
Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.
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