Smiths Group plc (LON:SMIN) shares were up 1.2% during mid-day trading on Wednesday . The stock traded as high as GBX 1,553.50 ($21.46) and last traded at GBX 1,544.50 ($21.34). Approximately 1,590,000 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 1,470,000 shares. The stock had previously closed at GBX 1,525.50 ($21.08).
Several research analysts have issued reports on SMIN shares. Numis Securities raised shares of Smiths Group to an “add” rating and set a GBX 1,725 ($23.83) target price for the company in a report on Friday, January 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,730 ($23.90) target price on shares of Smiths Group in a report on Friday, December 8th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,750 ($24.18) target price on shares of Smiths Group in a report on Monday, December 4th. Barclays started coverage on shares of Smiths Group in a report on Tuesday. They issued an “overweight” rating and a GBX 1,800 ($24.87) target price for the company. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,800 ($24.87) target price on shares of Smiths Group in a report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,773.33 ($24.50).
The firm has a market cap of $6,110.00 and a price-to-earnings ratio of 1,087.68.
In related news, insider George Buckley acquired 782 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of GBX 1,599 ($22.09) per share, with a total value of £12,504.18 ($17,275.74).
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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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