Smiths Group’s (SMIN) Buy Rating Reiterated at Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Smiths Group (LON:SMIN) in a research report released on Monday morning. They currently have a GBX 1,750 ($23.55) price objective on the stock.

Several other research analysts also recently commented on the stock. J P Morgan Chase & Co restated an overweight rating and set a GBX 1,800 ($24.23) price objective on shares of Smiths Group in a research report on Wednesday, November 15th. Credit Suisse Group restated an outperform rating on shares of Smiths Group in a research report on Friday, October 13th. Numis Securities restated a hold rating and set a GBX 1,600 ($21.53) price objective on shares of Smiths Group in a research report on Monday, September 25th. restated a buy rating and set a GBX 1,900 ($25.57) price objective on shares of Smiths Group in a research report on Friday, September 29th. Finally, Goldman Sachs Group reiterated a buy rating and set a GBX 1,850 ($24.90) price target on shares of Smiths Group in a report on Friday, September 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Smiths Group presently has an average rating of Buy and a consensus price target of GBX 1,754.38 ($23.61).

Smiths Group (LON SMIN) opened at GBX 1,463 ($19.69) on Monday. Smiths Group has a 1 year low of GBX 1,396 ($18.79) and a 1 year high of GBX 1,685 ($22.68).

Smiths Group (LON:SMIN) last announced its quarterly earnings data on Friday, September 22nd. The company reported GBX 97.60 ($1.31) EPS for the quarter, beating the consensus estimate of GBX 94.20 ($1.27) by GBX 3.40 ($0.05). Smiths Group had a net margin of 16.17% and a return on equity of 27.36%. The business had revenue of GBX 328 billion during the quarter.

The business also recently declared a dividend, which was paid on Friday, November 17th. Stockholders of record on Thursday, October 19th were issued a dividend of GBX 29.70 ($0.40) per share. The ex-dividend date was Thursday, October 19th. This is an increase from Smiths Group’s previous dividend of $13.55. This represents a dividend yield of 1.94%.

In related news, insider George Buckley purchased 1,111 shares of the stock in a transaction dated Wednesday, November 1st. The stock was bought at an average cost of GBX 1,577 ($21.22) per share, for a total transaction of £17,520.47 ($23,580.71).

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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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