Investec Increases Smiths Group Price Target to GBX 1,660 (SMIN)
Investment analysts at Investec increased their target price on shares of Smiths Group (LON:SMIN) from GBX 1,600 ($26.37) to GBX 1,660 ($27.36) in a note issued to investors on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Investec’s price target indicates a potential upside of 11.41% from the company’s current price.
Shares of Smiths Group (LON:SMIN) opened at 1492.00 on Monday. Smiths Group has a 52 week low of GBX 1196.00 and a 52 week high of GBX 1504.00. The stock has a 50-day moving average of GBX 1420. and a 200-day moving average of GBX 1379.. The company’s market cap is £5.876 billion.
SMIN has been the subject of a number of other recent research reports. Analysts at Morgan Stanley raised their price target on shares of Smiths Group from GBX 1,507 ($24.84) to GBX 1,536 ($25.31) in a research note to investors on Wednesday, January 8th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Smiths Group in a research note to investors on Thursday, December 19th. They now have a GBX 1,400 ($23.07) 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 Wednesday, December 18th. They now have a GBX 1,525 ($25.13) price target on the stock. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Smiths Group has an average rating of “Hold” and an average price target of GBX 1,373.29 ($22.63).
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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