Royal Bank of Canada Raises Smiths Group (LON:SMIN) Price Target to GBX 1,690

Smiths Group (LON:SMIN) had its price objective lifted by Royal Bank of Canada from GBX 1,550 ($20.39) to GBX 1,690 ($22.23) in a report published on Friday, Stock Target Advisor reports. The brokerage currently has an underperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group increased their price target on Smiths Group from GBX 1,880 ($24.73) to GBX 1,900 ($24.99) and gave the stock a buy rating in a research report on Monday, January 13th. Credit Suisse Group reissued an outperform rating on shares of Smiths Group in a research report on Thursday, October 17th. Morgan Stanley reaffirmed an equal weight rating on shares of Smiths Group in a report on Thursday, December 5th. Liberum Capital reaffirmed a hold rating on shares of Smiths Group in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their target price on Smiths Group from GBX 1,760 ($23.15) to GBX 1,835 ($24.14) and gave the company an overweight rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,812 ($23.84).

Shares of LON:SMIN opened at GBX 1,751 ($23.03) on Friday. The company has a market capitalization of $6.94 billion and a P/E ratio of 31.05. Smiths Group has a 1 year low of GBX 1,374.50 ($18.08) and a 1 year high of GBX 1,760.50 ($23.16). The company has a debt-to-equity ratio of 63.38, a current ratio of 2.94 and a quick ratio of 1.13. The business’s 50 day simple moving average is GBX 1,686.29 and its 200 day simple moving average is GBX 1,626.73.

In other news, insider George Buckley purchased 770 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of GBX 1,624 ($21.36) per share, for a total transaction of £12,504.80 ($16,449.36). Also, insider Andrew Reynolds Smith sold 11,566 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of GBX 1,658 ($21.81), for a total value of £191,764.28 ($252,255.04).

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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