Several other equities analysts have also issued reports on the stock. Morgan Stanley lowered their target price on shares of Smiths Group from GBX 1,640 ($21.23) to GBX 1,610 ($20.84) and set an equal weight rating for the company in a report on Tuesday, March 27th. Credit Suisse Group reiterated an outperform rating and set a GBX 1,730 ($22.39) target price on shares of Smiths Group in a report on Friday, March 23rd. JPMorgan Chase & Co. reiterated an overweight rating on shares of Smiths Group in a report on Wednesday, May 30th. Numis Securities lowered shares of Smiths Group to a reduce rating and set a GBX 1,380 ($17.86) price objective for the company. in a report on Friday, March 23rd. Finally, HSBC reiterated a buy rating and set a GBX 1,850 ($23.95) target price on shares of Smiths Group in a research note on Thursday, March 29th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of GBX 1,751 ($22.67).
Smiths Group traded down GBX 23.50 ($0.30), hitting GBX 1,625.50 ($21.04), during trading hours on Thursday, Marketbeat Ratings reports. 885,691 shares of the stock traded hands, compared to its average volume of 1,190,000. Smiths Group has a one year low of GBX 1,442 ($18.67) and a one year high of GBX 1,697 ($21.97).
In other news, insider George Buckley purchased 779 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were bought at an average price of GBX 1,606 ($20.79) per share, for a total transaction of £12,510.74 ($16,195.13).
About Smiths Group
Smiths Group plc designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions.
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