Smiths Group (SMIN) Downgraded by Bank of America
Bank of America downgraded shares of Smiths Group (LON:SMIN) to an underperform rating in a research note published on Tuesday morning. Bank of America currently has GBX 1,350 ($17.64) price objective on the stock, down from their prior price objective of GBX 1,550 ($20.25).
SMIN has been the subject of a number of other reports. Barclays dropped their price objective on shares of Smiths Group from GBX 1,800 ($23.52) to GBX 1,770 ($23.13) and set an overweight rating for the company in a research note on Tuesday, September 18th. Citigroup restated a buy rating and set a GBX 1,800 ($23.52) target price (down previously from GBX 1,850 ($24.17)) on shares of Smiths Group in a research report on Tuesday, September 25th. Goldman Sachs Group decreased their target price on shares of Smiths Group from GBX 1,600 ($20.91) to GBX 1,560 ($20.38) and set a neutral rating on the stock in a research report on Tuesday. Numis Securities restated a hold rating and set a GBX 1,600 ($20.91) target price on shares of Smiths Group in a research report on Tuesday, September 25th. Finally, JPMorgan Chase & Co. lowered shares of Smiths Group to a neutral rating and decreased their target price for the stock from GBX 1,690 ($22.08) to GBX 1,660 ($21.69) in a research report on Monday, September 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Smiths Group has a consensus rating of Hold and an average target price of GBX 1,638.08 ($21.40).
Shares of SMIN opened at GBX 1,450.50 ($18.95) on Tuesday. Smiths Group has a 1-year low of GBX 1,442 ($18.84) and a 1-year high of GBX 1,697 ($22.17).
About Smiths Group
Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.
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