Smiths Group (SMIN) Price Target Cut to GBX 1,500

Smiths Group (LON:SMIN) had its price target trimmed by Royal Bank of Canada from GBX 1,530 ($19.99) to GBX 1,500 ($19.60) in a research note released on Monday, April 1st, ThisIsMoney.Co.Uk reports. The brokerage currently has an underperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,660 ($21.69) price target on shares of Smiths Group in a report on Monday, March 25th. Bank of America cut shares of Smiths Group to an underperform rating and decreased their price target for the company from GBX 1,550 ($20.25) to GBX 1,350 ($17.64) in a report on Tuesday, January 8th. Credit Suisse Group restated an outperform rating on shares of Smiths Group in a report on Thursday, January 24th. Liberum Capital restated a hold rating on shares of Smiths Group in a report on Thursday, January 17th. Finally, Morgan Stanley decreased their price target on shares of Smiths Group from GBX 1,600 ($20.91) to GBX 1,590 ($20.78) and set an equal weight rating for the company in a report on Wednesday, December 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 1,611 ($21.05).

Shares of LON SMIN traded up GBX 2.50 ($0.03) during mid-day trading on Monday, reaching GBX 1,521.50 ($19.88). The company had a trading volume of 871,670 shares, compared to its average volume of 1,190,000. Smiths Group has a twelve month low of GBX 1,257 ($16.42) and a twelve month high of GBX 1,810 ($23.65). The company has a current ratio of 2.36, a quick ratio of 1.66 and a debt-to-equity ratio of 65.38. The company has a market capitalization of $6.02 billion and a PE ratio of 20.81.

The business also recently declared a dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, April 4th will be paid a dividend of GBX 14.10 ($0.18) per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 0.98%. Smiths Group’s dividend payout ratio (DPR) is currently 0.62%.

In other Smiths Group news, insider George Buckley acquired 858 shares of Smiths Group stock in a transaction on Thursday, January 31st. The shares were purchased at an average cost of GBX 1,457 ($19.04) per share, with a total value of £12,501.06 ($16,334.85).

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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