Smart Metering Systems PLC (SMS) Price Target Raised to GBX 650
Smart Metering Systems PLC (LON:SMS) had its price objective hoisted by equities research analysts at Panmure Gordon from GBX 565 ($7.38) to GBX 650 ($8.48) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price target points to a potential upside of 21.50% from the company’s current price.
Separately, Peel Hunt reiterated a “buy” rating on shares of Smart Metering Systems PLC in a research note on Tuesday.
Smart Metering Systems PLC (LON:SMS) opened at 543.98 on Tuesday. The stock’s 50 day moving average price is GBX 497.51 and its 200-day moving average price is GBX 436.89. The stock’s market cap is GBX 468.11 million. Smart Metering Systems PLC has a 12 month low of GBX 299.24 and a 12 month high of GBX 564.82.
In other news, insider Foy,Alan sold 600,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of GBX 435 ($5.68), for a total value of £2,610,000 ($3,406,865.94). Also, insider Murray,Glen sold 500,000 shares of the business’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of GBX 405 ($5.29), for a total value of £2,025,000 ($2,643,258.06).
Smart Metering Systems PLC Company Profile
Smart Metering Systems plc (SMS) is a United Kingdom-based company engaged in providing metering services. The Company’s metering services connects, owns, operates and maintains generation and new metering assets and databases. The Company operates through two divisions: management of assets and installation of meters.
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