Smiths Group (LON:SMIN) Given “Outperform” Rating at Credit Suisse Group

Credit Suisse Group reaffirmed their outperform rating on shares of Smiths Group (LON:SMIN) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.

Several other research firms also recently issued reports on SMIN. Liberum Capital reiterated a hold rating on shares of Smiths Group in a research note on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on shares of Smiths Group from GBX 1,760 ($23.00) to GBX 1,835 ($23.98) and gave the stock an overweight rating in a research note on Monday, September 23rd. Goldman Sachs Group upgraded shares of Smiths Group to a buy rating in a research note on Friday, October 11th. Royal Bank of Canada boosted their price objective on shares of Smiths Group from GBX 1,500 ($19.60) to GBX 1,550 ($20.25) and gave the stock an underperform rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Smiths Group in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,645.83 ($21.51).

SMIN opened at GBX 1,577 ($20.61) on Thursday. The company has a quick ratio of 1.13, a current ratio of 2.94 and a debt-to-equity ratio of 63.38. Smiths Group has a 52-week low of GBX 1,257 ($16.42) and a 52-week high of GBX 1,701 ($22.23). The company has a 50 day moving average of GBX 1,601.87 and a two-hundred day moving average of GBX 1,549.34. The company has a market cap of $6.25 billion and a P/E ratio of 27.96.

The company also recently announced a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be given a dividend of GBX 31.80 ($0.42) per share. This is a boost from Smiths Group’s previous dividend of $14.10. This represents a dividend yield of 1.94%. The ex-dividend date is Thursday, October 17th. Smiths Group’s payout ratio is presently 0.82%.

In other news, insider George Buckley bought 763 shares of Smiths Group stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of GBX 1,641 ($21.44) per share, with a total value of £12,520.83 ($16,360.68). Also, insider Andrew Reynolds Smith sold 69,875 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of GBX 1,539 ($20.11), for a total transaction of £1,075,376.25 ($1,405,169.54).

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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Analyst Recommendations for Smiths Group (LON:SMIN)

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