Smiths Group plc (SMIN) Given Average Recommendation of “Buy” by Brokerages
Smiths Group plc (LON:SMIN) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 1,747.50 ($23.06).
SMIN has been the topic of several recent research reports. Deutsche Bank AG reiterated a “buy” rating on shares of Smiths Group plc in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Smiths Group plc in a report on Friday, July 14th. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,630 ($21.51) price target on shares of Smiths Group plc in a report on Tuesday, July 18th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,730 ($22.83) price target on shares of Smiths Group plc in a report on Tuesday, September 19th. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 1,600 ($21.11) price target on shares of Smiths Group plc in a report on Monday, September 25th.
Shares of Smiths Group plc (SMIN) opened at 1561.00 on Friday. Smiths Group plc has a 52 week low of GBX 1,358.00 and a 52 week high of GBX 1,685.00. The company’s 50 day moving average is GBX 1,579.16 and its 200-day moving average is GBX 1,592.60. The company’s market capitalization is GBX 6.17 billion.
Smiths Group plc (LON:SMIN) last posted its quarterly earnings results on Friday, September 22nd. The company reported GBX 97.60 ($1.29) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 94.20 ($1.24) by GBX 3.40 ($0.04). The business had revenue of GBX 328 billion for the quarter. Smiths Group plc had a return on equity of 27.36% and a net margin of 16.18%. On average, analysts expect that Smiths Group plc will post $95.47 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 19th will be paid a GBX 29.70 ($0.39) dividend. This is a positive change from Smiths Group plc’s previous dividend of $13.55. The ex-dividend date is Thursday, October 19th. This represents a yield of 1.94%.
In related news, insider George Buckley bought 431 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price of GBX 1,544 ($20.37) per share, with a total value of £6,654.64 ($8,781.53).
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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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