Smiths Group plc Price Target Lowered to GBX 1,405 at Berenberg Bank (SMIN)
Investment analysts at Berenberg Bank cut their price objective on shares of Smiths Group plc (LON:SMIN) from GBX 1,485 ($25.21) to GBX 1,405 ($23.85) in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 9.34% from the company’s current price.
Smiths Group plc (LON:SMIN) traded up 0.31% during mid-day trading on Wednesday, hitting GBX 1289.00. 844,703 shares of the company’s stock traded hands. Smiths Group plc has a 52 week low of GBX 1217.00 and a 52 week high of GBX 1535.00. The stock has a 50-day moving average of GBX 1317.31 and a 200-day moving average of GBX 1361.. The company’s market cap is £5.081 billion.
SMIN has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Smiths Group plc in a research note on Thursday, June 12th. They now have a GBX 1,200 ($20.37) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Smiths Group plc in a research note on Tuesday, June 10th. They now have a GBX 1,150 ($19.52) price target on the stock. Finally, analysts at Investec downgraded shares of Smiths Group plc to a “hold” rating in a research note on Tuesday, May 27th. They now have a GBX 1,385 ($23.51) price target on the stock, down previously from GBX 1,500 ($25.46). Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Smiths Group plc has an average rating of “Hold” and a consensus target price of GBX 1,355.33 ($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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