Smiths Group (OTCMKTS:SMGZY) Reaches New 12-Month High on Analyst Upgrade

Smiths Group PLC (OTCMKTS:SMGZY)’s share price hit a new 52-week high during mid-day trading on Wednesday after Berenberg Bank upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $35.93 and last traded at $35.93, with a volume of 2099 shares traded. The stock had previously closed at $35.61.

Separately, Zacks Research raised Smiths Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Smiths Group Stock Up 0.4%

The firm has a 50-day moving average price of $33.07 and a 200-day moving average price of $32.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.18 and a quick ratio of 1.56.

Smiths Group Company Profile

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.