Smiths Group plc (LON:SMIN)‘s stock had its “overweight” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday. They presently have a GBX 1,800 ($23.67) price target on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 21.38% from the company’s previous close.
Several other research analysts have also recently commented on SMIN. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,630 ($21.44) target price on shares of Smiths Group plc in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 1,850 ($24.33) price target on shares of Smiths Group plc in a research report on Friday, September 22nd. Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,600 ($21.04) price target on shares of Smiths Group plc in a research report on Monday, September 25th. reiterated a “buy” rating and set a GBX 1,900 ($24.99) price target on shares of Smiths Group plc in a research report on Friday, September 29th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Smiths Group plc in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,754.38 ($23.07).
Smiths Group plc (LON SMIN) opened at GBX 1,483 ($19.51) on Wednesday. Smiths Group plc has a fifty-two week low of GBX 1,363 ($17.93) and a fifty-two week high of GBX 1,685 ($22.16).
Smiths Group plc (LON:SMIN) last announced its earnings results on Friday, September 22nd. The company reported GBX 97.60 ($1.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 94.20 ($1.24) by GBX 3.40 ($0.04). Smiths Group plc had a net margin of 16.17% and a return on equity of 27.36%. The company had revenue of GBX 328 billion for the quarter.
In related news, insider George Buckley bought 1,111 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of GBX 1,577 ($20.74) per share, for a total transaction of £17,520.47 ($23,044.15).
About Smiths Group plc
Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.
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