Several other analysts also recently weighed in on the company. Credit Suisse Group AG reiterated an outperform rating and set a GBX 1,275 ($16.64) price target on shares of Smiths Group plc in a research note on Friday, September 23rd. JPMorgan Chase & Co. boosted their price target on Smiths Group plc from GBX 1,300 ($16.97) to GBX 1,585 ($20.69) and gave the company an overweight rating in a research note on Tuesday, August 30th. HSBC upped their target price 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 research note on Tuesday, August 16th. Numis Securities Ltd restated an add rating and issued a GBX 1,300 ($16.97) target price on shares of Smiths Group plc in a research note on Wednesday, August 10th. Finally, Royal Bank Of Canada upped their target price on 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 note on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 1,247.67 ($16.29).
Shares of Smiths Group plc (LON:SMIN) opened at 1460.00 on Monday. The stock 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 stock’s market capitalization 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 company also recently announced 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. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.99%. This is a boost 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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