Brokerages Set Smiths Group plc (SMIN) PT at $1,695.91
Smiths Group plc (LON:SMIN) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,695.91 ($22.16).
A number of equities research analysts recently weighed in on SMIN shares. Liberum Capital started coverage on Smiths Group in a research note on Thursday, September 6th. They set a “hold” rating and a GBX 1,700 ($22.21) price objective for the company. BNP Paribas restated a “neutral” rating on shares of Smiths Group in a research note on Tuesday, September 18th. JPMorgan Chase & Co. restated a “top pick” rating on shares of Smiths Group in a research note on Thursday, August 23rd. Deutsche Bank cut Smiths Group to a “hold” rating and decreased their price objective for the stock from GBX 1,750 ($22.87) to GBX 1,665 ($21.76) in a research note on Tuesday, September 25th. Finally, Citigroup started coverage on Smiths Group in a research note on Wednesday, September 19th. They set a “buy” rating and a GBX 1,850 ($24.17) price objective for the company.
Shares of SMIN stock traded down GBX 28 ($0.37) during mid-day trading on Friday, hitting GBX 1,332.50 ($17.41). The stock had a trading volume of 1,176,727 shares, compared to its average volume of 1,190,000. Smiths Group has a 12-month low of GBX 1,442 ($18.84) and a 12-month high of GBX 1,697 ($22.17).
In other Smiths Group news, insider George Buckley bought 779 shares of Smiths Group stock in a transaction that occurred on Wednesday, August 1st. The shares were bought at an average cost of GBX 1,606 ($20.99) per share, with a total value of £12,510.74 ($16,347.50). Also, insider Dame Ann Dowling acquired 5,813 shares of the business’s stock in a transaction dated Tuesday, October 9th. The stock was purchased at an average cost of GBX 1,454 ($19.00) per share, for a total transaction of £84,521.02 ($110,441.68). Insiders have purchased a total of 9,564 shares of company stock worth $14,149,288 over the last ninety days.
Smiths Group Company Profile
Smiths Group plc designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions.
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