Smiths Group (OTCMKTS:SMGZY) Raised to “Strong-Buy” at The Goldman Sachs Group

Smiths Group (OTCMKTS:SMGZY) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts have also issued reports on the stock. Zacks Research lowered shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “hold” rating on shares of Smiths Group in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Smiths Group Price Performance

Shares of Smiths Group stock opened at $36.58 on Thursday. Smiths Group has a 52-week low of $28.29 and a 52-week high of $37.93. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.77 and a current ratio of 3.04. The stock’s 50-day simple moving average is $34.50 and its 200 day simple moving average is $34.55.

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.