Berenberg Bank Lowers Smiths Group Price Target to GBX 1,355 (SMIN)
Research analysts at Berenberg Bank lowered their price objective on shares of Smiths Group (LON:SMIN) from GBX 1,440 ($23.66) to GBX 1,355 ($22.27) in a report released on Friday, AR Network reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential downside of 3.42% from the company’s current price.
Smiths Group (LON:SMIN) opened at 1403.00 on Friday. Smiths Group has a 52-week low of GBX 1199.00 and a 52-week high of GBX 1535.00. The stock has a 50-day moving average of GBX 1471.31 and a 200-day moving average of GBX 1395.. The company’s market cap is £5.525 billion.
A number of other firms have also recently commented on SMIN. Analysts at Espirito Santo Investment Bank Research raised their price target on shares of Smiths Group from GBX 1,220 ($20.05) to GBX 1,320 ($21.69) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Smiths Group in a research note to investors on Tuesday. They now have a GBX 1,435 ($23.58) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Smiths Group in a research note to investors on Tuesday. They now have a GBX 1,435 ($23.58) price target on the stock. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,360.94 ($22.37).
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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