Trading Report: The Smiths Group plc (SMIN) to Issue Dividend of GBX 28.75 on November 18th

The Smiths Group plc (SMIN) to Issue Dividend of GBX 28.75 on  November 18th

Smiths Group plc (LON:SMIN) declared a dividend on Wednesday, September 28th. Shareholders of record on Thursday, October 20th will be given a dividend of GBX 28.75 ($0.36) per share on Friday, November 18th. This represents a yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 20th. This is a boost from Smiths Group plc’s previous dividend of $13.25. The official announcement can be seen at this link.

Smiths Group plc (LON:SMIN) opened at 1480.00 on Friday. The firm’s 50-day moving average price is GBX 1,409.81 and its 200 day moving average price is GBX 1,221.84. Smiths Group plc has a 12-month low of GBX 858.00 and a 12-month high of GBX 1,543.00. The company’s market capitalization is GBX 5.85 billion.

In related news, insider Chris O’Shea sold 17,600 shares of Smiths Group plc stock in a transaction on Friday, September 30th. The shares were sold at an average price of GBX 1,453 ($17.98), for a total value of £255,728 ($316,495.05).

SMIN has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Smiths Group plc from GBX 1,585 ($19.62) to GBX 1,600 ($19.80) and gave the company an “overweight” rating in a report on Thursday, September 29th. Societe Generale increased their price target on shares of Smiths Group plc from GBX 1,100 ($13.61) to GBX 1,400 ($17.33) and gave the company a “hold” rating in a research note on Thursday, September 29th. HSBC increased their price target on shares of Smiths Group plc from GBX 1,100 ($13.61) to GBX 1,300 ($16.09) and gave the company a “hold” rating in a research note on Tuesday, August 16th. Credit Suisse Group AG increased their price target on shares of Smiths Group plc from GBX 1,585 ($19.62) to GBX 1,600 ($19.80) and gave the company an “outperform” rating in a research note on Thursday, September 29th. Finally, Royal Bank Of Canada increased their price target on shares of Smiths Group plc from GBX 1,350 ($16.71) to GBX 1,450 ($17.95) and gave the company an “outperform” rating in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,247.67 ($15.44).

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