Smiths Group (SMIN) Upgraded by Numis Securities to Add
Smiths Group (LON:SMIN) was upgraded by stock analysts at Numis Securities to an “add” rating in a research note issued to investors on Friday. The firm currently has a GBX 1,725 ($23.39) price target on the stock. Numis Securities’ price objective would indicate a potential upside of 4.42% from the stock’s previous close.
Several other research analysts have also recently weighed in on SMIN. Goldman Sachs Group reissued a “buy” rating and issued a GBX 1,850 ($25.09) price target on shares of Smiths Group in a report on Friday, September 22nd. reissued a “buy” rating and issued a GBX 1,900 ($25.77) price target on shares of Smiths Group in a report on Friday, September 29th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,730 ($23.46) price target on shares of Smiths Group in a report on Tuesday, September 19th. Credit Suisse Group reissued an “outperform” rating on shares of Smiths Group in a report on Friday, October 13th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 1,750 ($23.73) price target on shares of Smiths Group in a report on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Smiths Group currently has an average rating of “Buy” and a consensus price target of GBX 1,770 ($24.00).
Smiths Group (SMIN) opened at GBX 1,652 ($22.40) on Friday. The firm has a market cap of $6,540.00 and a PE ratio of 1,163.38. Smiths Group has a fifty-two week low of GBX 1,442 ($19.56) and a fifty-two week high of GBX 1,685 ($22.85).
In other Smiths Group news, insider George Buckley bought 1,111 shares of the stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of GBX 1,577 ($21.39) per share, with a total value of £17,520.47 ($23,759.79).
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About Smiths Group
Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.
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