Smiths Group plc (LON:SMIN) had its target price upped by analysts at JPMorgan Chase & Co. from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) in a research note issued to investors on Thursday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 10.88% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the company. BNP Paribas reiterated an “underperform” rating and issued a GBX 1,050 ($13.71) price objective (up from GBX 900 ($11.75)) on shares of Smiths Group plc in a report on Wednesday, July 13th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,275 ($16.64) price objective on shares of Smiths Group plc in a report on Friday, September 23rd. Numis Securities Ltd reiterated an “add” rating and issued a GBX 1,300 ($16.97) price objective on shares of Smiths Group plc in a report on Wednesday, August 10th. Beaufort Securities reiterated a “hold” rating on shares of Smiths Group plc in a report on Monday. Finally, HSBC lifted their price objective on Smiths Group plc from GBX 1,100 ($14.36) to GBX 1,300 ($16.97) and gave the stock a “hold” rating in a report on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,247.67 ($16.29).
Smiths Group plc (LON:SMIN) opened at 1460.8651 on Thursday. The company’s market cap is GBX 5.77 billion. Smiths Group plc has a 1-year low of GBX 858.00 and a 1-year high of GBX 1,480.00. The stock’s 50 day moving average price is GBX 1,361.41 and its 200 day moving average price is GBX 1,190.05.
The company also recently declared a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 28.75 ($0.38) per share. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 20th. This is a positive change from Smiths Group plc’s previous dividend of $13.25.
Smiths Group plc Company Profile
Smiths Group plc is a technology company. The Company operates through five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. John Crane division offers mechanical seals, seal support systems, engineered bearings, power transmission couplings and filtration systems.
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