Smiths Group (SMIN) Downgraded by Deutsche Bank to “Hold”
Deutsche Bank cut shares of Smiths Group (LON:SMIN) to a hold rating in a research report report published on Tuesday. Deutsche Bank currently has GBX 1,665 ($21.69) price target on the stock, down from their prior price target of GBX 1,750 ($22.80).
SMIN has been the topic of several other reports. Barclays cut their target price on Smiths Group from GBX 1,800 ($23.45) to GBX 1,770 ($23.06) and set an overweight rating on the stock in a research note on Tuesday, September 18th. JPMorgan Chase & Co. reissued an overweight rating on shares of Smiths Group in a research note on Wednesday, May 30th. Morgan Stanley cut their target price on Smiths Group from GBX 1,710 ($22.27) to GBX 1,690 ($22.01) and set an equal weight rating on the stock in a research note on Tuesday, July 24th. Royal Bank of Canada raised their target price on Smiths Group from GBX 1,650 ($21.49) to GBX 1,700 ($22.14) and gave the stock an outperform rating in a research note on Wednesday, September 19th. Finally, Numis Securities cut their target price on Smiths Group from GBX 1,750 ($22.80) to GBX 1,600 ($20.84) and set a hold rating on the stock in a research note on Thursday, July 19th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of GBX 1,720 ($22.40).
LON SMIN opened at GBX 1,491 ($19.42) on Tuesday. Smiths Group has a 1 year low of GBX 1,442 ($18.78) and a 1 year high of GBX 1,697 ($22.10).
In other news, insider George Buckley acquired 779 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were acquired at an average cost of GBX 1,606 ($20.92) per share, with a total value of £12,510.74 ($16,296.39).
Smiths Group Company Profile
Smiths Group plc designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions.
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