Smiths Group (SMIN) Price Target Lowered to GBX 1,560 at Goldman Sachs Group

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Smiths Group (LON:SMIN) had its target price dropped by Goldman Sachs Group from GBX 1,600 ($20.91) to GBX 1,560 ($20.38) in a report released on Tuesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective suggests a potential upside of 9.67% from the company’s previous close.

Several other research analysts have also commented on the stock. Royal Bank of Canada lifted their price target on shares of Smiths Group from GBX 1,650 ($21.56) to GBX 1,700 ($22.21) and gave the company an “outperform” rating in a report on Wednesday, September 19th. BNP Paribas reaffirmed a “neutral” rating on shares of Smiths Group in a report on Tuesday, September 18th. JPMorgan Chase & Co. lowered shares of Smiths Group to a “neutral” rating and decreased their price target for the company from GBX 1,690 ($22.08) to GBX 1,660 ($21.69) in a report on Monday, September 24th. Morgan Stanley decreased their price target on shares of Smiths Group from GBX 1,600 ($20.91) to GBX 1,590 ($20.78) and set an “equal weight” rating for the company in a report on Wednesday, December 5th. Finally, Citigroup started coverage on shares of Smiths Group in a research report on Wednesday, September 19th. They issued a “buy” rating and a GBX 1,850 ($24.17) price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,638.08 ($21.40).

LON SMIN opened at GBX 1,422.50 ($18.59) on Tuesday. Smiths Group has a one year low of GBX 1,442 ($18.84) and a one year high of GBX 1,697 ($22.17).

In other Smiths Group news, insider George Buckley bought 901 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average cost of GBX 1,388 ($18.14) per share, for a total transaction of £12,505.88 ($16,341.15).

Smiths Group Company Profile

Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.

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Analyst Recommendations for Smiths Group (LON:SMIN)

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