Smiths Group plc (SMIN) Receives Average Rating of “Hold” from Brokerages
Smiths Group plc (LON:SMIN) has received an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 1,538.64 ($19.97).
SMIN has been the subject of several research analyst reports. Royal Bank Of Canada raised their target price on shares of Smiths Group plc from GBX 1,750 ($22.72) to GBX 1,775 ($23.04) and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Smiths Group plc in a research report on Tuesday, April 18th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,730 ($22.46) price objective on shares of Smiths Group plc in a research report on Friday, June 2nd. Deutsche Bank AG reiterated a “buy” rating on shares of Smiths Group plc in a research report on Monday, July 10th. Finally, BNP Paribas reiterated a “neutral” rating and set a GBX 1,630 ($21.16) price objective on shares of Smiths Group plc in a research report on Tuesday, July 18th.
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Smiths Group plc (LON SMIN) opened at 1545.00 on Tuesday. The firm’s market cap is GBX 6.11 billion. Smiths Group plc has a 12 month low of GBX 1,333.00 and a 12 month high of GBX 1,685.00. The firm’s 50-day moving average price is GBX 1,583.63 and its 200-day moving average price is GBX 1,584.69.
In related news, insider George Buckley purchased 431 shares of Smiths Group plc stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of GBX 1,544 ($20.04) per share, with a total value of £6,654.64 ($8,639.02). Also, insider Andrew Reynolds Smith sold 28,427 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of GBX 1,593 ($20.68), for a total transaction of £452,842.11 ($587,877.59).
About Smiths Group plc
Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.
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