Smiths Group (LON:SMIN) had its target price lowered by Morgan Stanley from GBX 1,600 ($20.91) to GBX 1,590 ($20.78) in a research note issued to investors on Wednesday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 14.76% from the stock’s previous close.

Several other equities analysts have also issued reports on SMIN. JPMorgan Chase & Co. reiterated a “top pick” rating on shares of Smiths Group in a research note on Thursday, August 23rd. Liberum Capital started coverage on Smiths Group in a research note on Thursday, September 6th. They issued a “hold” rating and a GBX 1,700 ($22.21) target price on the stock. Barclays cut their target price on Smiths Group from GBX 1,800 ($23.52) to GBX 1,770 ($23.13) and set an “overweight” rating on the stock in a research note on Tuesday, September 18th. BNP Paribas reiterated a “neutral” rating on shares of Smiths Group in a research note on Tuesday, September 18th. Finally, Citigroup started coverage on Smiths Group in a research note on Wednesday, September 19th. They issued a “buy” rating and a GBX 1,850 ($24.17) target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 1,671.36 ($21.84).

SMIN traded down GBX 43.50 ($0.57) on Wednesday, hitting GBX 1,385.50 ($18.10). The company had a trading volume of 809,810 shares, compared to its average volume of 1,190,000. Smiths Group has a 12-month low of GBX 1,442 ($18.84) and a 12-month high of GBX 1,697 ($22.17).

In other Smiths Group news, insider Olivier Bohuon purchased 2,972 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were acquired at an average price of GBX 1,496 ($19.55) per share, for a total transaction of £44,461.12 ($58,096.33). Also, insider Dame Ann Dowling purchased 5,813 shares of the company’s stock in a transaction dated Tuesday, October 9th. The shares were acquired at an average price of GBX 1,454 ($19.00) per share, for a total transaction of £84,521.02 ($110,441.68). Insiders have bought 9,686 shares of company stock worth $14,148,802 in the last 90 days.

Smiths Group Company Profile

Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.

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Analyst Recommendations for Smiths Group (LON:SMIN)

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