Smiths Group plc (LON:SMIN) had its target price raised by investment analysts at Credit Suisse Group AG from GBX 1,585 ($20.69) to GBX 1,600 ($20.89) in a report released on Thursday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 9.29% from the company’s current price.
Several other equities research analysts have also recently commented on SMIN. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 900 ($11.75) target price on shares of Smiths Group plc in a research report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,300 ($16.97) target price on shares of Smiths Group plc in a research report on Wednesday, August 10th. Royal Bank Of Canada raised their target price on shares of Smiths Group plc from GBX 1,350 ($17.62) to GBX 1,450 ($18.93) and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. HSBC raised their target price on shares of Smiths Group plc from GBX 1,100 ($14.36) to GBX 1,300 ($16.97) and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Smiths Group plc in a research report on Monday, September 26th. 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 a consensus rating of “Hold” and a consensus target price of GBX 1,247.67 ($16.29).
Smiths Group plc (LON:SMIN) opened at 1479.00 on Thursday. The firm has a 50-day moving average of GBX 1,368.46 and a 200-day moving average of GBX 1,193.83. The stock’s market capitalization is GBX 5.85 billion. Smiths Group plc has a 1-year low of GBX 858.00 and a 1-year high of GBX 1,483.00.
The business also recently declared a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 20th will be issued 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 an increase 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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