Smiths Group (SMIN) Receives Outperform Rating from Credit Suisse Group

Smiths Group (LON:SMIN)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group in a report released on Friday. They presently have a GBX 1,730 ($23.90) price target on the stock. Credit Suisse Group’s target price would indicate a potential upside of 17.81% from the company’s current price.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Smiths Group in a research report on Thursday, December 7th. Numis Securities restated a “hold” rating and issued a GBX 1,600 ($22.11) price target on shares of Smiths Group in a research report on Tuesday, December 5th. Jefferies Group restated a “hold” rating and issued a GBX 1,575 ($21.76) price target on shares of Smiths Group in a research report on Thursday, February 22nd. Barclays started coverage on Smiths Group in a research report on Tuesday, February 13th. They issued an “overweight” rating and a GBX 1,800 ($24.87) price target on the stock. Finally, Deutsche Bank restated a “buy” rating and issued a GBX 1,750 ($24.18) price target on shares of Smiths Group in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 1,719 ($23.75).

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Smiths Group (LON:SMIN) opened at GBX 1,468.50 ($20.29) on Friday. The company has a market capitalization of $6,250.00 and a price-to-earnings ratio of 1,034.15. Smiths Group has a 12-month low of GBX 1,442 ($19.92) and a 12-month high of GBX 1,697 ($23.45).

Smiths Group (LON:SMIN) last announced its quarterly earnings data on Friday, March 23rd. The company reported GBX 40.40 ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 44.10 ($0.61) by GBX (3.70) (($0.05)). The firm had revenue of GBX 154.90 billion during the quarter. Smiths Group had a net margin of 16.17% and a return on equity of 27.36%.

In related news, insider George Buckley purchased 782 shares of Smiths Group stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of GBX 1,599 ($22.09) per share, for a total transaction of £12,504.18 ($17,275.74).

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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.

Analyst Recommendations for Smiths Group (LON:SMIN)

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