Smiths Group (SMIN) Receives “Buy” Rating from Deutsche Bank

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

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

Smiths Group (LON:SMIN) traded down GBX 2 ($0.03) during mid-day trading on Monday, reaching GBX 1,479 ($19.91). The company’s stock had a trading volume of 885,965 shares, compared to its average volume of 1,040,000. 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 posted its quarterly earnings results on Friday, September 22nd. The company reported GBX 97.60 ($1.31) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 94.20 ($1.27) by GBX 3.40 ($0.05). Smiths Group had a return on equity of 27.36% and a net margin of 16.17%. The firm had revenue of GBX 328 billion during the quarter.

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

In other Smiths Group news, insider George Buckley purchased 1,111 shares of Smiths Group stock in a transaction that occurred on Wednesday, November 1st. The stock was purchased at an average price of GBX 1,577 ($21.22) per share, with a total value of £17,520.47 ($23,580.71).

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Smiths Group Company Profile

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.

Analyst Recommendations for Smiths Group (LON:SMIN)

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