Other research analysts have also recently issued reports about the stock. Morgan Stanley reiterated an equal weight rating on shares of Smiths Group in a research report on Monday, January 14th. Goldman Sachs Group reduced their price target on shares of Smiths Group from GBX 1,600 ($20.91) to GBX 1,560 ($20.38) and set a neutral rating on the stock in a research report on Tuesday, January 8th. Credit Suisse Group reiterated an outperform rating on shares of Smiths Group in a research report on Thursday, January 24th. Finally, Bank of America cut shares of Smiths Group to an underperform rating and reduced their price target for the company from GBX 1,550 ($20.25) to GBX 1,350 ($17.64) in a research report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 1,635.45 ($21.37).
Shares of LON SMIN opened at GBX 1,402 ($18.32) on Friday. Smiths Group has a one year low of GBX 1,257 ($16.42) and a one year high of GBX 1,810 ($23.65). The company has a current ratio of 2.36, a quick ratio of 1.66 and a debt-to-equity ratio of 65.38. The company has a market cap of $5.55 billion and a price-to-earnings ratio of 19.18.
In other news, insider George Buckley bought 858 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were purchased at an average price of GBX 1,457 ($19.04) per share, for a total transaction of £12,501.06 ($16,334.85).
About Smiths Group
Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.
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