Smiths Group plc (LON:SMIN) has received an average rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 1,668.89 ($21.81).
A number of research firms have commented on SMIN. Citigroup reiterated a “buy” rating and issued a GBX 1,800 ($23.52) price target (down from GBX 1,850 ($24.17)) on shares of Smiths Group in a research note on Tuesday, September 25th. Barclays reduced their price objective on Smiths Group from GBX 1,770 ($23.13) to GBX 1,685 ($22.02) and set an “overweight” rating for the company in a research note on Tuesday, October 2nd. Numis Securities restated a “hold” rating and issued a GBX 1,600 ($20.91) price objective on shares of Smiths Group in a research note on Tuesday, September 25th. JPMorgan Chase & Co. cut Smiths Group to a “neutral” rating and reduced their price objective for the stock from GBX 1,690 ($22.08) to GBX 1,660 ($21.69) in a research note on Monday, September 24th. Finally, Liberum Capital restated a “hold” rating on shares of Smiths Group in a research note on Wednesday, November 14th.
In related news, insider Dame Ann Dowling bought 5,813 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The shares were purchased at an average cost of GBX 1,454 ($19.00) per share, with a total value of £84,521.02 ($110,441.68). Also, insider George Buckley bought 901 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were bought at an average cost of GBX 1,388 ($18.14) per share, for a total transaction of £12,505.88 ($16,341.15). Over the last 90 days, insiders bought 9,686 shares of company stock valued at $14,148,802.
Smiths Group stock traded up GBX 16.50 ($0.22) during midday trading on Monday, reaching GBX 1,368 ($17.88). The company’s stock had a trading volume of 915,698 shares, compared to its average volume of 1,190,000. Smiths Group has a 52-week low of GBX 1,442 ($18.84) and a 52-week high of GBX 1,697 ($22.17).
The company also recently disclosed a dividend, which was paid on Friday, November 16th. Stockholders of record on Thursday, October 18th were paid a GBX 30.75 ($0.40) dividend. This represents a dividend yield of 2.02%. This is a boost from Smiths Group’s previous dividend of $13.80. The ex-dividend date was Thursday, October 18th.
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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