Smiths Group plc (SMIN) Receives Average Recommendation of “Hold” from Brokerages
Smiths Group plc (LON:SMIN) has earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,538.64 ($20.09).
A number of equities analysts have issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,750 ($22.85) price objective on shares of Smiths Group plc in a report on Wednesday, May 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,730 ($22.59) price objective on shares of Smiths Group plc in a report on Wednesday, May 3rd. HSBC Holdings plc increased their price objective on Smiths Group plc from GBX 1,700 ($22.20) to GBX 1,900 ($24.81) and gave the stock a “buy” rating in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Smiths Group plc in a report on Friday, July 14th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 1,630 ($21.28) price objective on shares of Smiths Group plc in a report on Tuesday.
In related news, insider Andrew Reynolds Smith sold 28,427 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of GBX 1,593 ($20.80), for a total transaction of £452,842.11 ($591,332.08). Also, insider Chris O’Shea bought 2,095 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was purchased at an average cost of GBX 1,646 ($21.49) per share, for a total transaction of £34,483.70 ($45,029.64).
Shares of Smiths Group plc (SMIN) traded down 2.74% during mid-day trading on Friday, hitting GBX 1564.00. 890,375 shares of the stock traded hands. The stock’s market cap is GBX 6.18 billion. The firm’s 50-day moving average is GBX 1,612.24 and its 200-day moving average is GBX 1,574.93. Smiths Group plc has a 52 week low of GBX 1,229.00 and a 52 week high of GBX 1,685.00.
About Smiths Group plc
Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.
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