UBS AG Downgrades Smiths Group plc to Sell (SMIN)
Smiths Group plc (LON:SMIN) was downgraded by equities research analysts at UBS AG to a “sell” rating in a research note issued to investors on Friday, AR Network reports. They currently have a GBX 1,340 ($22.46) target price on the stock, down from their previous target price of GBX 1,450 ($24.30). UBS AG’s target price indicates a potential downside of 2.40% from the company’s current price.
Smiths Group plc (LON:SMIN) opened at 1373.00 on Friday. Smiths Group plc has a 1-year low of GBX 1199.00 and a 1-year high of GBX 1535.00. The stock has a 50-day moving average of GBX 1446. and a 200-day moving average of GBX 1396.68. The company’s market cap is £5.407 billion.
SMIN has been the subject of a number of other recent research reports. Analysts at Galvan Research reiterated a “buy” rating on shares of Smiths Group plc in a research note on Wednesday. They now have a GBX 1,535 ($25.72) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Smiths Group plc in a research note on Wednesday, February 12th. They now have a GBX 1,235 ($20.70) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Smiths Group plc in a research note on Wednesday, February 12th. They now have a GBX 1,550 ($25.98) price target on the stock, down previously from GBX 1,600 ($26.81). Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Smiths Group plc has a consensus rating of “Hold” and an average target price of GBX 1,372.84 ($23.01).
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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