Smiths Group Price Target Raised to GBX 1,500 at HSBC (SMIN)
Research analysts at HSBC raised their target price on shares of Smiths Group (LON:SMIN) from GBX 1,400 ($22.35) to GBX 1,500 ($23.95) in a report released on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. HSBC’s target price would suggest a potential upside of 6.99% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Smiths Group in a research note to investors on Tuesday. They now have a GBX 1,400 ($22.35) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Smiths Group in a research note to investors on Monday. They now have a GBX 1,460 ($23.31) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Smiths Group in a research note to investors on Thursday, October 10th. They now have a GBX 1,525 ($24.35) price target on the stock. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,357.54 ($21.67).
Shares of Smiths Group (LON:SMIN) traded up 0.86% on Wednesday, hitting GBX 1402.00. 684,190 shares of the company’s stock traded hands. Smiths Group has a 1-year low of GBX 1018.00 and a 1-year high of GBX 1456.00. The stock has a 50-day moving average of GBX 1366. and a 200-day moving average of GBX 1323.. The company’s market cap is £5.521 billion.
Smiths Group plc is a technology company. It has five divisions: Smiths Detection, Smiths Medical, John Crane, Smiths Interconnect and Flex-Tek.
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