Smiths Group (OTCMKTS:SMGZY) Reaches New 1-Year High on Analyst Upgrade

Smiths Group PLC (OTCMKTS:SMGZY)’s share price reached a new 52-week high during trading on Wednesday after Berenberg Bank upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $35.93 and last traded at $35.93, with a volume of 2099 shares. The stock had previously closed at $35.61.

Separately, Zacks Research raised shares of Smiths Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Smiths Group currently has a consensus rating of “Moderate Buy”.

Smiths Group Trading Up 0.3%

The company has a quick ratio of 1.56, a current ratio of 2.18 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $33.07 and a 200-day moving average price of $32.70.

About Smiths Group

Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.

The company operates through four principal divisions.