Smiths Group’s (SMIN) Hold Rating Reaffirmed at Numis Securities

Numis Securities reaffirmed their hold rating on shares of Smiths Group (LON:SMIN) in a research report report published on Tuesday. The firm currently has a GBX 1,600 ($21.53) price objective on the stock.

A number of other analysts have also recently commented on the stock. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 1,730 ($23.28) price target on shares of Smiths Group in a research note on Tuesday, September 19th. Credit Suisse Group reiterated an outperform rating on shares of Smiths Group in a research note on Friday, October 13th. reiterated a buy rating and issued a GBX 1,900 ($25.57) price target on shares of Smiths Group in a research note on Friday, September 29th. Goldman Sachs Group reiterated a buy rating and issued a GBX 1,850 ($24.90) price target on shares of Smiths Group in a research note on Friday, September 22nd. Finally, Deutsche Bank reiterated a buy rating and issued a GBX 1,750 ($23.55) price target on shares of Smiths Group in a research note on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 1,754.38 ($23.61).

Shares of Smiths Group (LON SMIN) traded down GBX 4 ($0.05) on Tuesday, reaching GBX 1,475 ($19.85). 512,297 shares of the company traded hands, compared to its average volume of 1,030,000. Smiths Group has a fifty-two week low of GBX 1,396 ($18.79) and a fifty-two week high of GBX 1,685 ($22.68).

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

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

In related news, insider George Buckley acquired 1,111 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of GBX 1,577 ($21.22) per share, with a total value of £17,520.47 ($23,580.71).

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Smiths Group Company Profile

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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