Analysts Set Smiths Group plc (LON:SMIN) PT at GBX 1,617.86

Shares of Smiths Group plc (LON:SMIN) have been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 1,617.86 ($21.14).

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,700 ($22.21) price target on shares of Smiths Group in a research note on Monday, February 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of Smiths Group from GBX 1,700 ($22.21) to GBX 1,900 ($24.82) and gave the stock a “buy” rating in a report on Thursday, April 1st.

Shares of SMIN stock traded down GBX 36.50 ($0.48) on Thursday, hitting GBX 1,589 ($20.76). 615,368 shares of the stock were exchanged, compared to its average volume of 643,358. The company has a current ratio of 2.94, a quick ratio of 1.09 and a debt-to-equity ratio of 68.06. The firm has a market capitalization of £6.30 billion and a PE ratio of 25.46. Smiths Group has a one year low of GBX 1,140 ($14.89) and a one year high of GBX 1,738.57 ($22.71). The firm’s 50 day moving average is GBX 1,578.17 and its two-hundred day moving average is GBX 1,514.50.

The business also recently disclosed a dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, April 8th will be issued a GBX 11.70 ($0.15) dividend. The ex-dividend date is Thursday, April 8th. This is a positive change from Smiths Group’s previous dividend of $11.00. This represents a yield of 0.76%. Smiths Group’s dividend payout ratio is 0.56%.

In related news, insider George Buckley acquired 770 shares of the firm’s stock in a transaction on Tuesday, May 4th. The stock was acquired at an average cost of GBX 1,624 ($21.22) per share, for a total transaction of £12,504.80 ($16,337.60).

Smiths Group Company Profile

Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane, Smiths Detection, Flex-Tek, Smiths Interconnect divisions. The John Crane division offers mechanical seals, seal support systems, hydrodynamic bearings, packing materials, power transmission couplings, and specialized filtration systems.

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Analyst Recommendations for Smiths Group (LON:SMIN)

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