Smiths Group (OTCMKTS:SMGZY) Shares Gap Up – Should You Buy?

Smiths Group PLC (OTCMKTS:SMGZYGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $34.4680, but opened at $36.08. Smiths Group shares last traded at $36.08, with a volume of 111 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SMGZY shares. Zacks Research raised shares of Smiths Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Jefferies Financial Group reissued a “hold” rating on shares of Smiths Group in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Smiths Group currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on SMGZY

Smiths Group Stock Performance

The stock has a 50-day moving average price of $33.95 and a 200-day moving average price of $34.36.

About Smiths Group

(Get Free Report)

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.

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