Research analysts at Liberum Capital assumed coverage on shares of Smiths Group (LON:SMIN) in a research note issued to investors on Thursday. The firm set a “hold” rating and a GBX 1,700 ($21.93) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 8.31% from the company’s current price.
Several other brokerages also recently weighed in on SMIN. Numis Securities raised shares of Smiths Group to a “hold” rating and set a GBX 1,750 ($22.57) target price on the stock in a report on Tuesday, May 29th. Deutsche Bank reaffirmed a “buy” rating on shares of Smiths Group in a report on Tuesday, May 29th. Deutsche Bank reaffirmed a “buy” rating on shares of Smiths Group in a report on Tuesday, May 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Smiths Group in a report on Wednesday, May 30th. Finally, Morgan Stanley lowered their target price on shares of Smiths Group from GBX 1,710 ($22.06) to GBX 1,690 ($21.80) and set an “equal weight” rating on the stock in a report on Tuesday, July 24th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,746.36 ($22.53).
Shares of LON:SMIN opened at GBX 1,569.50 ($20.25) on Thursday. Smiths Group has a fifty-two week low of GBX 1,442 ($18.60) and a fifty-two week high of GBX 1,697 ($21.89).
In related news, insider George Buckley acquired 779 shares of Smiths Group stock in a transaction that occurred on Wednesday, August 1st. The stock was purchased at an average price of GBX 1,606 ($20.72) per share, for a total transaction of £12,510.74 ($16,138.73).
About Smiths Group
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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