Smiths Group plc (LON:SMIN) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,559.17 ($20.37).
A number of equities analysts have issued reports on SMIN shares. Goldman Sachs Group cut their price objective on shares of Smiths Group from GBX 1,600 ($20.91) to GBX 1,560 ($20.38) and set a “neutral” rating on the stock in a report on Tuesday, January 8th. Bank of America downgraded shares of Smiths Group to an “underperform” rating and lowered their target price for the company from GBX 1,550 ($20.25) to GBX 1,350 ($17.64) in a report on Tuesday, January 8th. Morgan Stanley reiterated an “equal weight” rating on shares of Smiths Group in a report on Monday, January 14th. Liberum Capital reissued a “hold” rating on shares of Smiths Group in a research report on Thursday, January 17th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Smiths Group in a report on Thursday, January 24th.
In related news, insider George Buckley purchased 858 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were bought at an average cost of GBX 1,457 ($19.04) per share, with a total value of £12,501.06 ($16,334.85).
Shares of LON SMIN opened at GBX 1,500.50 ($19.61) on Friday. The company has a current ratio of 2.36, a quick ratio of 1.66 and a debt-to-equity ratio of 65.38. The stock has a market capitalization of $5.94 billion and a P/E ratio of 20.53. Smiths Group has a fifty-two week low of GBX 1,257 ($16.42) and a fifty-two week high of GBX 1,810 ($23.65).
The firm also recently disclosed a dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, April 4th will be given a GBX 14.10 ($0.18) dividend. The ex-dividend date is Thursday, April 4th. This represents a yield of 0.98%. Smiths Group’s dividend payout ratio is currently 0.62%.
About Smiths Group
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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