Smiths Group (SMIN) Rating Reiterated by Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of Smiths Group (LON:SMIN) in a report published on Friday morning. They currently have a GBX 1,730 ($23.28) price objective on the stock.

A number of other analysts also recently commented on the company. J P Morgan Chase & Co restated an overweight rating on shares of Smiths Group in a research note on Thursday, December 7th. Numis Securities restated a hold rating and issued a GBX 1,600 ($21.53) target price on shares of Smiths Group in a research note on Tuesday, December 5th. Deutsche Bank restated a buy rating and issued a GBX 1,750 ($23.55) target price on shares of Smiths Group in a research note on Monday, December 4th. reaffirmed a buy rating and issued a GBX 1,900 ($25.57) price target on shares of Smiths Group in a report on Friday, September 29th. Finally, Goldman Sachs Group reaffirmed a buy rating and issued a GBX 1,850 ($24.90) price target on shares of Smiths Group in a report on Friday, September 22nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 1,754.38 ($23.61).

Shares of Smiths Group (LON SMIN) opened at GBX 1,478 ($19.89) on Friday. Smiths Group has a one year low of GBX 1,396 ($18.79) and a one year high of GBX 1,685 ($22.68).

Smiths Group (LON:SMIN) last issued its earnings results on Friday, September 22nd. The company reported GBX 97.60 ($1.31) EPS for the quarter, topping analysts’ consensus estimates of GBX 94.20 ($1.27) by GBX 3.40 ($0.05). Smiths Group had a return on equity of 27.36% and a net margin of 16.17%. The firm had revenue of GBX 328 billion for the quarter.

The business also recently declared a dividend, which was paid on Friday, November 17th. Investors of record on Thursday, October 19th were issued a GBX 29.70 ($0.40) dividend. This represents a dividend yield of 1.94%. The ex-dividend date was Thursday, October 19th. This is a boost from Smiths Group’s previous dividend of $13.55.

In related news, insider George Buckley purchased 1,111 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was purchased at an average price of GBX 1,577 ($21.22) per share, with a total value of £17,520.47 ($23,580.71).

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About Smiths Group

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.

Analyst Recommendations for Smiths Group (LON:SMIN)

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