SMITHS GRP PLC/S (SMGZY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of SMITHS GRP PLC/S (OTCMKTS:SMGZY) from a sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “Smiths Group plc is a technology company. The Company designs, manufactures and delivers products and services for the threat & contraband detection, medical devices, energy and communications market. Its operating segment consists John Crane sector provides mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialist filtration systems, Smiths Medical sector provides infusion systems, vascular access, patient airway and temperature management equipment and specialty devices. Smiths Detection sector provides sensors that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect sector provides specialised electronic and radio frequency components and sub-systems that connect, protect and control critical systems; Flex-Tek division provides engineered components that heat and move fluids and gases, flexible hosing and rigid tubing. Smiths Group plc is headquartered in London, the United Kingdom. “

A number of other equities research analysts also recently issued reports on SMGZY. JPMorgan Chase & Co. reissued a neutral rating on shares of SMITHS GRP PLC/S in a research report on Friday, September 21st. Goldman Sachs Group reissued a neutral rating on shares of SMITHS GRP PLC/S in a research report on Thursday, October 4th. Royal Bank of Canada downgraded SMITHS GRP PLC/S from an outperform rating to an underperform rating in a research report on Tuesday, November 20th. Finally, Bank of America reissued an underperform rating on shares of SMITHS GRP PLC/S in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. SMITHS GRP PLC/S currently has an average rating of Hold and a consensus price target of $20.00.

Shares of OTCMKTS:SMGZY opened at $18.86 on Wednesday. The company has a market cap of $7.35 billion, a P/E ratio of 15.59, a P/E/G ratio of 2.55 and a beta of 0.83. SMITHS GRP PLC/S has a 1 year low of $16.26 and a 1 year high of $24.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.56 and a current ratio of 2.04.

SMITHS GRP PLC/S 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.

Featured Story: What is Compound Annual Growth Rate (CAGR)?

Get a free copy of the Zacks research report on SMITHS GRP PLC/S (SMGZY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for SMITHS GRP PLC/S (OTCMKTS:SMGZY)

Receive News & Ratings for SMITHS GRP PLC/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMITHS GRP PLC/S and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit