Smiths Group PLC (OTCMKTS:SMGZY – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $38.1451 and last traded at $37.87, with a volume of 24777 shares changing hands. The stock had previously closed at $37.65.
Other research analysts have also issued research reports about the stock. The Goldman Sachs Group raised shares of Smiths Group to a “strong-buy” rating in a research note on Thursday, August 6th. Citigroup downgraded shares of Smiths Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
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Smiths Group Trading Down 0.4%
Smiths Group Company Profile
Smiths Group plc is a United Kingdom-based engineering company that develops and manufactures specialized products and technologies for critical applications. Its businesses serve markets including aerospace, defense, transportation, energy, medical, communications, and infrastructure, with operations and customers across international markets.
The company’s principal activities include threat-detection and screening systems through Smiths Detection; engineered sealing and rotating-equipment solutions through John Crane; engineered components and systems for aerospace, industrial, and other demanding applications through Flex-Tek; and electronic connectors and high-performance interconnect solutions through Smiths Interconnect.
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