Smiths Group plc (SMIN) Stock Rating Reaffirmed by Credit Suisse Group

Smiths Group plc (LON:SMIN)‘s stock had its “outperform” rating reissued by Credit Suisse Group in a report issued on Friday, October 13th.

A number of other brokerages also recently issued reports on SMIN. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Smiths Group plc in a report on Friday, July 14th. Deutsche Bank AG reissued a “buy” rating on shares of Smiths Group plc in a report on Monday, July 10th. BNP Paribas reissued a “neutral” rating and issued a GBX 1,630 ($21.51) price target on shares of Smiths Group plc in a report on Tuesday, July 18th. Royal Bank Of Canada increased their price target on shares of Smiths Group plc from GBX 1,750 ($23.09) to GBX 1,775 ($23.42) and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,730 ($22.83) price target on shares of Smiths Group plc in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Smiths Group plc has an average rating of “Buy” and a consensus target price of GBX 1,664 ($21.96).

Shares of Smiths Group plc (SMIN) opened at 1558.00 on Friday. The company’s market cap is GBX 6.16 billion. Smiths Group plc has a 1-year low of GBX 1,358.00 and a 1-year high of GBX 1,685.00. The company has a 50-day moving average of GBX 1,579.72 and a 200-day moving average of GBX 1,593.81.

Smiths Group plc (LON:SMIN) last released its quarterly earnings data on Friday, September 22nd. The company reported GBX 97.60 ($1.29) EPS for the quarter, beating 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 16.18% and a return on equity of 27.36%. The business had revenue of GBX 328 billion for the quarter. Equities analysts forecast that Smiths Group plc will post $95.47 EPS for the current year.

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In other Smiths Group plc news, insider George Buckley purchased 431 shares of Smiths Group plc stock in a transaction on Tuesday, August 1st. The shares were acquired at an average cost of GBX 1,544 ($20.37) per share, for a total transaction of £6,654.64 ($8,781.53).

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.

Analyst Recommendations for Smiths Group plc (LON:SMIN)

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