Smiths Group PLC (OTCMKTS:SMGZY – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 34,429 shares, a growth of 54.7% from the July 30th total of 22,250 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 20,027 shares, the short-interest ratio is currently 1.7 days.
Analysts Set New Price Targets
Several analysts recently issued reports on SMGZY shares. Zacks Research downgraded shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. The Goldman Sachs Group upgraded shares of Smiths Group to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Smiths Group in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on SMGZY
Smiths Group Price Performance
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.
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