Smiths Group plc (LON:SMIN) Given Average Rating of “Hold” by Brokerages

Shares of Smiths Group plc (LON:SMIN) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,559.17 ($20.37).

Several research analysts recently issued reports on SMIN shares. Deutsche Bank reiterated a “hold” rating on shares of Smiths Group in a research report on Monday, April 15th. Liberum Capital reaffirmed a “hold” rating on shares of Smiths Group in a research note on Friday, June 7th. Citigroup reaffirmed a “buy” rating on shares of Smiths Group in a research note on Friday, April 5th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,660 ($21.69) price objective on shares of Smiths Group in a report on Monday, March 25th. Finally, Royal Bank of Canada decreased their price objective on shares of Smiths Group from GBX 1,530 ($19.99) to GBX 1,500 ($19.60) and set an “underperform” rating for the company in a report on Monday, April 1st.

LON SMIN traded up GBX 2.50 ($0.03) on Friday, reaching GBX 1,546 ($20.20). The company had a trading volume of 605,562 shares, compared to its average volume of 1,190,000. The firm’s 50-day moving average is GBX 1,487.96. The company has a quick ratio of 1.66, a current ratio of 2.36 and a debt-to-equity ratio of 65.38. Smiths Group has a 1 year low of GBX 1,257 ($16.42) and a 1 year high of GBX 1,753 ($22.91). The firm has a market capitalization of $6.12 billion and a price-to-earnings ratio of 21.15.

In other news, insider George Buckley purchased 817 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of GBX 1,530 ($19.99) per share, for a total transaction of £12,500.10 ($16,333.59).

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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Analyst Recommendations for Smiths Group (LON:SMIN)

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