Smiths Group plc (LON:SMIN)’s share price rose 0.4% during trading on Wednesday . The company traded as high as GBX 1,615 ($21.23) and last traded at GBX 1,610 ($21.17). Approximately 742,919 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 1,174,810 shares. The stock had previously closed at GBX 1,603 ($21.08).
SMIN has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of Smiths Group plc from GBX 1,750 ($23.01) to GBX 1,775 ($23.34) and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Deutsche Bank AG restated a “buy” rating on shares of Smiths Group plc in a research note on Monday, July 10th. BNP Paribas restated a “neutral” rating and issued a GBX 1,630 ($21.43) target price on shares of Smiths Group plc in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Smiths Group plc in a research note on Friday, July 14th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,730 ($22.75) price target on shares of Smiths Group plc in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,650 ($21.69).
The firm has a 50 day moving average of GBX 1,575.19 and a 200 day moving average of GBX 1,596.07. The firm’s market capitalization is GBX 6.37 billion.
Smiths Group plc (LON:SMIN) last announced its quarterly earnings data on Friday, September 22nd. The company reported GBX 97.60 ($1.28) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 94.20 ($1.24) by GBX 3.40 ($0.04). The firm had revenue of GBX 328 billion during the quarter. Smiths Group plc had a net margin of 16.18% and a return on equity of 27.36%. Equities analysts expect that Smiths Group plc will post $95.43 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 19th will be issued a dividend of GBX 29.70 ($0.39) per share. This represents a yield of 1.94%. The ex-dividend date is Thursday, October 19th. This is a boost from Smiths Group plc’s previous dividend of $13.55.
In other news, insider George Buckley purchased 431 shares of the stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of GBX 1,544 ($20.30) per share, for a total transaction of £6,654.64 ($8,749.20).
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About Smiths Group plc
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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