Smiths Group’s (SMIN) Buy Rating Reaffirmed at Deutsche Bank

Smiths Group (LON:SMIN)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They presently have a GBX 1,750 ($23.44) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 16.90% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Credit Suisse Group reiterated an “outperform” rating on shares of Smiths Group in a research note on Friday, October 13th. Numis Securities reiterated a “hold” rating and set a GBX 1,600 ($21.43) price objective on shares of Smiths Group in a research note on Monday, September 25th. reiterated a “buy” rating and set a GBX 1,900 ($25.45) price objective on shares of Smiths Group in a research note on Friday, September 29th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,800 ($24.11) price objective on shares of Smiths Group in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group reiterated a “buy” rating and set a GBX 1,850 ($24.78) price objective on shares of Smiths Group in a research note on Friday, September 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Smiths Group currently has an average rating of “Buy” and a consensus target price of GBX 1,754.38 ($23.50).

Smiths Group (LON SMIN) opened at GBX 1,497 ($20.05) on Monday. Smiths Group has a 1 year low of GBX 1,396 ($18.70) and a 1 year high of GBX 1,685 ($22.57).

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 the Zacks’ consensus estimate of GBX 94.20 ($1.26) by GBX 3.40 ($0.05). The business had revenue of GBX 328 billion for the quarter. Smiths Group had a net margin of 16.17% and a return on equity of 27.36%.

In other news, insider George Buckley bought 1,111 shares of the stock in a transaction on Wednesday, November 1st. The stock was bought at an average cost of GBX 1,577 ($21.12) per share, for a total transaction of £17,520.47 ($23,463.87).

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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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