Smiths Group plc (LON:SMIN) had its price target lifted by Societe Generale from GBX 1,100 ($14.36) to GBX 1,400 ($18.27) in a report published on Thursday. Societe Generale currently has a hold rating on the stock.
A number of other research analysts have also recently issued reports on SMIN. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,250 ($16.32) price objective on shares of Smiths Group plc in a research note on Wednesday, June 15th. BNP Paribas reiterated an underperform rating and set a GBX 900 ($11.75) price objective on shares of Smiths Group plc in a research note on Monday, June 27th. Royal Bank Of Canada lifted their price objective on Smiths Group plc from GBX 1,350 ($17.62) to GBX 1,450 ($18.93) and gave the company an outperform rating in a research note on Wednesday, August 10th. Numis Securities Ltd reiterated an add rating and set a GBX 1,300 ($16.97) price objective on shares of Smiths Group plc in a research note on Wednesday, August 10th. Finally, Credit Suisse Group AG reiterated an outperform rating and set a GBX 1,280 ($16.71) price objective on shares of Smiths Group plc in a research note on Thursday, August 11th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 1,247.67 ($16.29).
Smiths Group plc (LON:SMIN) opened at 1457.00 on Thursday. The company’s market cap is GBX 5.76 billion. Smiths Group plc has a 12 month low of GBX 858.00 and a 12 month high of GBX 1,480.00. The company has a 50 day moving average price of GBX 1,365.14 and a 200-day moving average price of GBX 1,191.94.
The business also recently declared a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 20th will be issued a dividend of GBX 28.75 ($0.38) per share. This represents a yield of 1.99%. The ex-dividend date is Thursday, October 20th. This is a positive change from Smiths Group plc’s previous dividend of $13.25.
About Smiths Group plc
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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