Smiths Group plc (LON:SMIN)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a note issued to investors on Tuesday. They currently have a GBX 1,600 ($19.99) price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 14.20% from the stock’s current price.
A number of other analysts have also commented on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Smiths Group plc in a research report on Tuesday, November 8th. Jefferies Group boosted their target price on Smiths Group plc from GBX 1,200 ($14.99) to GBX 1,375 ($17.18) and gave the company a “hold” rating in a research report on Friday, October 28th. Morgan Stanley boosted their target price on Smiths Group plc from GBX 890 ($11.12) to GBX 1,300 ($16.24) and gave the company an “underweight” rating in a research report on Thursday, October 27th. Panmure Gordon reaffirmed a “sell” rating and issued a GBX 800 ($10.00) target price on shares of Smiths Group plc in a research report on Thursday, September 29th. Finally, Societe Generale boosted their target price on Smiths Group plc from GBX 1,100 ($13.74) to GBX 1,400 ($17.49) and gave the company a “hold” rating in a research report on Thursday, September 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Smiths Group plc has a consensus rating of “Hold” and an average price target of GBX 1,287.47 ($16.09).
Smiths Group plc (LON:SMIN) traded down 0.14% during mid-day trading on Tuesday, hitting GBX 1401.00. The stock had a trading volume of 716,040 shares. The firm’s 50-day moving average price is GBX 1,431.59 and its 200-day moving average price is GBX 1,287.63. Smiths Group plc has a 1-year low of GBX 858.00 and a 1-year high of GBX 1,543.00. The stock’s market cap is GBX 5.54 billion.
The company also recently disclosed a dividend, which was paid on Friday, November 18th. Investors of record on Thursday, October 20th were paid a GBX 28.75 ($0.36) dividend. This is an increase from Smiths Group plc’s previous dividend of $13.25. The ex-dividend date was Thursday, October 20th. This represents a yield of 1.99%.
In related news, insider Chris O’Shea sold 17,600 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of GBX 1,453 ($18.15), for a total value of £255,728 ($319,500.25).