Smiths Group plc (LON:SMIN) had its target price hoisted by Societe Generale from GBX 1,100 ($14.36) to GBX 1,400 ($18.27) in a report issued on Thursday morning. Societe Generale currently has a hold rating on the stock.
SMIN has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on shares of 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. Credit Suisse Group AG restated an outperform rating and set a GBX 1,275 ($16.64) target price on shares of Smiths Group plc in a research report on Friday, September 23rd. Numis Securities Ltd restated an add rating and set a GBX 1,600 ($20.89) target price on shares of Smiths Group plc in a research report on Thursday, September 29th. Beaufort Securities restated a hold rating on shares of Smiths Group plc in a research report on Monday, September 26th. Finally, BNP Paribas restated 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. Three research 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. The company presently has an average rating of Hold and an average price target of GBX 1,247.67 ($16.29).
Smiths Group plc (LON:SMIN) opened at 1506.36 on Thursday. The company’s market capitalization is GBX 5.95 billion. The stock has a 50 day moving average price of GBX 1,372.89 and a 200-day moving average price of 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 also recently disclosed a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 20th will be paid a dividend of GBX 28.75 ($0.38) per share. The ex-dividend date of this dividend is Thursday, October 20th. This is an increase from Smiths Group plc’s previous dividend of $13.25. This represents a dividend yield of 1.99%.
In other news, insider Chris O’Shea sold 17,600 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of GBX 1,453 ($18.97), for a total transaction of £255,728 ($333,804.99).
Smiths Group plc Company Profile
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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