Smiths Group plc (LON:SMIN) had its price objective lifted by Credit Suisse Group AG from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) in a research report released on Thursday morning. They currently have an outperform rating on the stock.
SMIN has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on Smiths Group plc from GBX 1,300 ($16.97) to GBX 1,585 ($20.69) and gave the company an overweight rating in a research report on Tuesday, August 30th. Beaufort Securities reiterated a hold rating on shares of Smiths Group plc in a research report on Monday, September 26th. BNP Paribas reiterated an underperform rating and set a GBX 900 ($11.75) target price on shares of Smiths Group plc in a research report on Monday, June 27th. Numis Securities Ltd reiterated an add rating and set a GBX 1,300 ($16.97) target price on shares of Smiths Group plc in a research report on Wednesday, August 10th. Finally, HSBC increased their target price on Smiths Group plc from GBX 1,100 ($14.36) to GBX 1,300 ($16.97) and gave the stock a hold rating in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Smiths Group plc presently has an average rating of Hold and an average target price of GBX 1,247.67 ($16.29).
Smiths Group plc (LON:SMIN) opened at 1504.9697 on Thursday. The stock’s 50 day moving average price is GBX 1,372.89 and its 200-day moving average price is GBX 1,198.60. Smiths Group plc has a 12 month low of GBX 858.00 and a 12 month high of GBX 1,513.00. The firm’s market capitalization is GBX 5.95 billion.
The business also recently announced a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 20th will be paid a GBX 28.75 ($0.38) dividend. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.99%. This is a positive change from Smiths Group plc’s previous dividend of $13.25.
In other news, insider Chris O’Shea sold 17,600 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of GBX 1,453 ($18.97), for a total value of £255,728 ($333,804.99).
About Smiths Group plc
Smiths Group plc is a technology company. The Company operates through five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. John Crane division offers mechanical seals, seal support systems, engineered bearings, power transmission couplings and filtration systems.
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