Smiths Group (SMIN) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Smiths Group (LON:SMIN) to a neutral rating in a report issued on Monday morning. JPMorgan Chase & Co. currently has GBX 1,660 ($21.62) target price on the stock, down from their previous target price of GBX 1,690 ($22.01).

A number of other research firms have also issued reports on SMIN. Numis Securities raised Smiths Group to a hold rating and set a GBX 1,750 ($22.80) price target on the stock in a report on Tuesday, May 29th. Deutsche Bank restated a buy rating on shares of Smiths Group in a research report on Tuesday, May 29th. Deutsche Bank restated a buy rating on shares of Smiths Group in a research report on Tuesday, May 29th. Liberum Capital initiated coverage on shares of Smiths Group in a research report on Thursday, September 6th. They issued a hold rating and a GBX 1,700 ($22.14) price objective for the company. Finally, Morgan Stanley reduced their price objective on shares of Smiths Group from GBX 1,710 ($22.27) to GBX 1,690 ($22.01) and set an equal weight rating for the company in a research report on Tuesday, July 24th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 1,720 ($22.40).

LON SMIN opened at GBX 1,498.50 ($19.52) on Monday. Smiths Group has a 52-week low of GBX 1,442 ($18.78) and a 52-week high of GBX 1,697 ($22.10).

The company also recently disclosed a dividend, which will be paid on Friday, November 16th. Investors of record on Thursday, October 18th will be given a GBX 30.75 ($0.40) dividend. The ex-dividend date is Thursday, October 18th. This represents a yield of 2.02%. This is an increase from Smiths Group’s previous dividend of $13.80.

In other news, insider George Buckley acquired 779 shares of Smiths Group stock in a transaction that occurred on Wednesday, August 1st. The stock was purchased at an average price of GBX 1,606 ($20.92) per share, for a total transaction of £12,510.74 ($16,296.39).

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.

Further Reading: Asset Allocation

Analyst Recommendations for Smiths Group (LON:SMIN)

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