Analysts Set Smiths Group plc (LON:SMIN) Target Price at GBX 1,608.75

Shares of Smiths Group plc (LON:SMIN) have earned an average recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,608.75 ($21.02).

A number of analysts have recently issued reports on SMIN shares. JPMorgan Chase & Co. raised their price objective on Smiths Group from GBX 1,760 ($23.00) to GBX 1,835 ($23.98) and gave the company an “overweight” rating in a research report on Monday, September 23rd. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,700 ($22.21) price objective on shares of Smiths Group in a research report on Wednesday, November 13th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Smiths Group in a research report on Thursday, October 17th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Smiths Group in a research report on Monday, November 11th. Finally, Goldman Sachs Group raised Smiths Group to a “buy” rating in a research report on Friday, October 11th.

LON SMIN traded down GBX 8 ($0.10) during trading hours on Monday, hitting GBX 1,625 ($21.23). 789,702 shares of the company traded hands, compared to its average volume of 1,190,000. Smiths Group has a twelve month low of GBX 1,330 ($17.38) and a twelve month high of GBX 1,701 ($22.23). The stock has a market capitalization of $6.54 billion and a price-to-earnings ratio of 28.81. The business’s 50-day moving average is GBX 1,603.68 and its 200-day moving average is GBX 1,570.75. The company has a debt-to-equity ratio of 63.38, a quick ratio of 1.13 and a current ratio of 2.94.

The firm also recently disclosed a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 17th were given a GBX 31.80 ($0.42) dividend. This represents a dividend yield of 1.94%. This is a boost from Smiths Group’s previous dividend of $14.10. The ex-dividend date was Thursday, October 17th. Smiths Group’s dividend payout ratio (DPR) is presently 0.82%.

In other news, insider George Buckley purchased 770 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of GBX 1,624 ($21.22) per share, with a total value of £12,504.80 ($16,339.74). Also, insider Andrew Reynolds Smith sold 69,875 shares of Smiths Group stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of GBX 1,539 ($20.11), for a total value of £1,075,376.25 ($1,405,169.54).

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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