Numis Securities Ltd Upgrades Smiths Group plc to Hold (SMIN)
Smiths Group plc (LON:SMIN) was upgraded by equities researchers at Numis Securities Ltd to a “hold” rating in a research report issued on Friday. The firm currently has a GBX 1,235 ($20.77) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 6.08% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Smiths Group plc in a research note on Friday. They now have a GBX 1,200 ($20.19) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of Smiths Group plc in a research note on Wednesday, May 14th. They now have a GBX 1,485 ($24.98) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Smiths Group plc in a research note on Monday, May 12th. They now have a GBX 1,400 ($23.55) price target on the stock. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,347.83 ($22.67).
Shares of Smiths Group plc (LON:SMIN) opened at 1300.00 on Friday. Smiths Group plc has a 1-year low of GBX 1217.00 and a 1-year high of GBX 1535.00. The stock’s 50-day moving average is GBX 1287. and its 200-day moving average is GBX 1374.. The company’s market cap is £5.124 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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