Smiths Group (LON:SMIN – Get Free Report)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 2,500 price objective on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 2.42% from the company’s current price.
Other analysts also recently issued reports about the stock. Jefferies Financial Group cut their target price on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a report on Friday, May 22nd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a research report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,828.33.
View Our Latest Stock Analysis on SMIN
Smiths Group Stock Up 0.1%
Insider Transactions at Smiths Group
In other news, insider Richard Howes purchased 70 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of GBX 2,532 per share, for a total transaction of £1,772.40. Also, insider Simon Pryce purchased 206 shares of the business’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of GBX 2,532 per share, with a total value of £5,215.92. 0.81% of the stock is owned by company insiders.
Smiths Group Company Profile
Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.
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