Numis Securities Reaffirms Hold Rating for Smiths Group (SMIN)
Smiths Group (LON:SMIN)‘s stock had its “hold” rating reaffirmed by equities researchers at Numis Securities in a research report issued on Tuesday. They currently have a GBX 1,600 ($21.53) price objective on the stock. Numis Securities’ price objective would suggest a potential upside of 8.18% from the company’s current price.
SMIN has been the topic of a number of other reports. Credit Suisse Group reiterated an “outperform” rating on shares of Smiths Group in a research note on Friday, October 13th. restated a “buy” rating and issued a GBX 1,900 ($25.57) target price on shares of Smiths Group in a research note on Friday, September 29th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($24.23) target price on shares of Smiths Group in a research note on Wednesday, November 15th. Goldman Sachs Group restated a “buy” rating and issued a GBX 1,850 ($24.90) target price on shares of Smiths Group in a research note on Friday, September 22nd. Finally, Deutsche Bank restated a “buy” rating and issued a GBX 1,750 ($23.55) target price on shares of Smiths Group in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 1,754.38 ($23.61).
Shares of Smiths Group (LON SMIN) traded down GBX 2 ($0.03) during mid-day trading on Tuesday, reaching GBX 1,479 ($19.91). 885,965 shares of the company’s stock were exchanged, compared to its average volume of 1,040,000. Smiths Group has a twelve month low of GBX 1,396 ($18.79) and a twelve month high of GBX 1,685 ($22.68).
In other Smiths Group news, insider George Buckley bought 1,111 shares of Smiths Group stock in a transaction that occurred on Wednesday, November 1st. The stock was purchased at an average price of GBX 1,577 ($21.22) per share, with a total value of £17,520.47 ($23,580.71).
About Smiths Group
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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