Zacks Investment Research Downgrades SMITHS GRP PLC/S (OTCMKTS:SMGZY) to Hold

SMITHS GRP PLC/S (OTCMKTS:SMGZY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, reports.

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 GRP PLC/S stock traded up $0.15 on Tuesday, reaching $19.67. 9,055 shares of the company were exchanged, compared to its average volume of 52,284. The stock has a 50-day moving average price of $19.10. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. SMITHS GRP PLC/S has a 1-year low of $16.26 and a 1-year high of $23.50.

SMITHS GRP PLC/S 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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