Deutsche Bank reaffirmed their buy rating on shares of Smiths Group (LON:SMIN) in a report published on Wednesday morning. They currently have a GBX 1,750 ($24.73) price objective on the stock.
Several other analysts have also recently issued reports on the company. JPMorgan Chase restated an overweight rating and set a GBX 1,800 ($25.44) price objective on shares of Smiths Group in a research note on Monday, January 15th. Numis Securities upgraded Smiths Group to an add rating and set a GBX 1,725 ($24.38) price objective on the stock in a research note on Friday, January 12th. Jefferies Group restated a hold rating and set a GBX 1,575 ($22.26) price objective on shares of Smiths Group in a research note on Thursday, February 22nd. Barclays initiated coverage on Smiths Group in a research note on Tuesday, February 13th. They set an overweight rating and a GBX 1,800 ($25.44) price objective on the stock. Finally, Morgan Stanley cut their price objective on Smiths Group from GBX 1,640 ($23.18) to GBX 1,610 ($22.76) and set an equal weight rating on the stock in a research note on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 1,717.92 ($24.28).
Shares of LON SMIN opened at GBX 1,515 ($21.41) on Wednesday. Smiths Group has a 52-week low of GBX 1,442 ($20.38) and a 52-week high of GBX 1,697 ($23.99).
Smiths Group (LON:SMIN) last announced its quarterly earnings data on Friday, March 23rd. The company reported GBX 40.40 ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 44.10 ($0.62) by GBX (3.70) (($0.05)). Smiths Group had a net margin of 16.17% and a return on equity of 27.36%. The firm had revenue of GBX 154.90 billion for the quarter.
The business also recently declared a dividend, which will be paid on Monday, April 23rd. Stockholders of record on Thursday, April 5th will be given a dividend of GBX 13.80 ($0.20) per share. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, April 5th.
In related news, insider George Buckley purchased 782 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of GBX 1,599 ($22.60) per share, for a total transaction of £12,504.18 ($17,673.75).
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Smiths Group Company Profile
Smiths Group plc designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions.
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