Smiths Group plc (LON:SMIN) shares were down 0.8% on Thursday . The company traded as low as GBX 1,573.50 ($21.74) and last traded at GBX 1,589.50 ($21.96). Approximately 693,891 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 1,400,000 shares. The stock had previously closed at GBX 1,602.50 ($22.14).
A number of research analysts recently weighed in on SMIN shares. Numis Securities upgraded shares of Smiths Group to an “add” rating and set a GBX 1,725 ($23.83) price objective for the company in a research note on Friday, January 12th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,730 ($23.90) price objective on shares of Smiths Group in a research note on Friday, December 8th. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,750 ($24.18) price objective on shares of Smiths Group in a research note on Monday, December 4th. Barclays started coverage on shares of Smiths Group in a research note on Tuesday, February 13th. They issued an “overweight” rating and a GBX 1,800 ($24.87) price objective for the company. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 1,575 ($21.76) price objective on shares of Smiths Group in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 1,753.50 ($24.23).
The stock has a market capitalization of $6,280.00 and a PE ratio of 1,118.31.
In other news, insider George Buckley purchased 782 shares of Smiths Group stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of GBX 1,599 ($22.09) per share, for a total transaction of £12,504.18 ($17,275.74).
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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.
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