Smiths Group plc (SMIN) Price Target Increased to GBX 1,600 by Analysts at Credit Suisse Group AG
Smiths Group plc (LON:SMIN) had its price objective hoisted by Credit Suisse Group AG from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) in a research note issued to investors on Thursday morning. Credit Suisse Group AG currently has an outperform rating on the stock.
A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Smiths Group plc from GBX 1,300 ($16.97) to GBX 1,585 ($20.69) and gave the stock an overweight rating in a research note on Tuesday, August 30th. BNP Paribas reiterated an underperform rating and set a GBX 1,050 ($13.71) target price (up previously from GBX 900 ($11.75)) on shares of Smiths Group plc in a research note on Wednesday, July 13th. Numis Securities Ltd reiterated an add rating and set a GBX 1,300 ($16.97) target price on shares of Smiths Group plc in a research note on Wednesday, August 10th. Beaufort Securities reiterated a hold rating on shares of Smiths Group plc in a research note on Monday. Finally, HSBC boosted their target price on shares of Smiths Group plc from GBX 1,100 ($14.36) to GBX 1,300 ($16.97) and gave the stock a hold rating in a research note on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Smiths Group plc has an average rating of Hold and a consensus price target of GBX 1,247.67 ($16.29).
Shares of Smiths Group plc (LON:SMIN) opened at 1457.00 on Thursday. Smiths Group plc has a 12-month low of GBX 858.00 and a 12-month high of GBX 1,480.00. The company’s market cap is GBX 5.76 billion. The firm has a 50 day moving average price of GBX 1,365.14 and a 200-day moving average price of GBX 1,191.94.
The business also recently announced a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 20th will be given a dividend of GBX 28.75 ($0.38) per share. This is a positive change from Smiths Group plc’s previous dividend of $13.25. This represents a yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 20th.
About Smiths Group plc
Smiths Group plc is a technology company. The Company operates through five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. John Crane division offers mechanical seals, seal support systems, engineered bearings, power transmission couplings and filtration systems.
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