Trade Report: The Zacks Investment Research lowers the Stock rating of Smiths Group PLC (SMGZY)

The Zacks Investment Research lowers the Stock rating of Smiths Group PLC (SMGZY)

Zacks Investment Research downgraded shares of Smiths Group PLC (OTCMKTS:SMGZY) from a strong-buy rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “Smiths Group plc is a technology company. The Company designs, manufactures and delivers products and services for the threat & contraband detection, medical devices, energy and communications market. Its operating segment consists John Crane sector provides mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialist filtration systems, Smiths Medical sector provides infusion systems, vascular access, patient airway and temperature management equipment and specialty devices. Smiths Detection sector provides sensors that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect sector provides specialised electronic and radio frequency components and sub-systems that connect, protect and control critical systems; Flex-Tek division provides engineered components that heat and move fluids and gases, flexible hosing and rigid tubing. Smiths Group plc is headquartered in London, the United Kingdom. “

Shares of Smiths Group PLC (OTCMKTS:SMGZY) opened at 18.35 on Wednesday. Smiths Group PLC has a one year low of $12.17 and a one year high of $19.58. The stock’s 50 day moving average price is $18.49 and its 200 day moving average price is $16.94. The stock has a market capitalization of $7.25 billion and a P/E ratio of 22.24.

About Smiths Group PLC

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