Smiths Group plc (LON:SMIN) Receives GBX 1,579 Average Price Target from Analysts
Shares of Smiths Group plc (LON:SMIN) have been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 1,579 ($20.63).
A number of equities research analysts have recently commented on SMIN shares. JPMorgan Chase & Co. raised shares of Smiths Group to an “overweight” rating and raised their price objective for the stock from GBX 1,660 ($21.69) to GBX 1,760 ($23.00) in a research note on Wednesday, July 24th. Liberum Capital reaffirmed a “hold” rating on shares of Smiths Group in a research note on Friday, June 7th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Smiths Group in a research note on Wednesday, July 3rd. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Smiths Group in a research note on Wednesday, July 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Smiths Group in a research note on Thursday, July 11th.
In related news, insider George Buckley purchased 763 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of GBX 1,641 ($21.44) per share, with a total value of £12,520.83 ($16,360.68).
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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