Smiths Group (LON:SMIN) had its target price lifted by research analysts at Royal Bank of Canada from GBX 1,550 ($20.39) to GBX 1,690 ($22.23) in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm presently has an “underperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 2.48% from the company’s current price.
A number of other research firms have also recently issued reports on SMIN. Citigroup reaffirmed a “buy” rating on shares of Smiths Group in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised their price objective on Smiths Group from GBX 1,760 ($23.15) to GBX 1,835 ($24.14) and gave the company an “overweight” rating in a research report on Monday, September 23rd. Bank of America raised Smiths Group to a “buy” rating in a research report on Wednesday, January 8th. Goldman Sachs Group raised their price objective on Smiths Group from GBX 1,880 ($24.73) to GBX 1,900 ($24.99) and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Smiths Group in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Smiths Group presently has an average rating of “Hold” and an average target price of GBX 1,781.25 ($23.43).
SMIN opened at GBX 1,733 ($22.80) on Friday. Smiths Group has a 12-month low of GBX 1,374.50 ($18.08) and a 12-month high of GBX 1,760.50 ($23.16). The stock has a market cap of $6.87 billion and a price-to-earnings ratio of 30.73. The business has a 50 day moving average of GBX 1,681.61 and a 200-day moving average of GBX 1,623.84. The company has a quick ratio of 1.13, a current ratio of 2.94 and a debt-to-equity ratio of 63.38.
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 ($21.36) per share, with a total value of £12,504.80 ($16,449.36). Also, insider Andrew Reynolds Smith sold 11,566 shares of Smiths Group stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of GBX 1,658 ($21.81), for a total value of £191,764.28 ($252,255.04).
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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