Smiths Group plc (LON:SMIN) had its price target upped by JPMorgan Chase & Co. from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) in a report issued on Thursday. JPMorgan Chase & Co. currently has an overweight rating on the stock.
SMIN has been the subject of several other research reports. Societe Generale boosted their price target on Smiths Group plc from GBX 1,100 ($14.36) to GBX 1,400 ($18.27) and gave the company a hold rating in a research note on Thursday, September 29th. HSBC boosted their price target on Smiths Group plc from GBX 1,100 ($14.36) to GBX 1,300 ($16.97) and gave the company a hold rating in a research note on Tuesday, August 16th. Credit Suisse Group AG boosted their price target on Smiths Group plc from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) and gave the company an outperform rating in a research note on Thursday, September 29th. Royal Bank Of Canada boosted their price target on Smiths Group plc from GBX 1,350 ($17.62) to GBX 1,450 ($18.93) and gave the company an outperform rating in a research note on Wednesday, August 10th. Finally, BNP Paribas reissued an underperform rating and issued a GBX 1,050 ($13.71) price target (up previously from GBX 900 ($11.75)) on shares of Smiths Group plc in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,247.67 ($16.29).
Shares of Smiths Group plc (LON:SMIN) opened at 1506.36 on Thursday. The firm’s 50 day moving average is GBX 1,372.89 and its 200 day moving average is GBX 1,198.60. Smiths Group plc has a 1-year low of GBX 858.00 and a 1-year high of GBX 1,513.00. The firm’s market capitalization is GBX 5.95 billion.
The company also recently announced a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be paid a GBX 28.75 ($0.38) dividend. This represents a dividend yield of 1.99%. This is a positive change from Smiths Group plc’s previous dividend of $13.25. The ex-dividend date of this dividend is Thursday, October 20th.
In related news, insider Chris O’Shea sold 17,600 shares of the company’s stock in a transaction on 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).
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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