Smiths Group (OTCMKTS:SMGZY) Shares Gap Up – Still a Buy?

Smiths Group PLC (OTCMKTS:SMGZYGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $34.4680, but opened at $36.08. Smiths Group shares last traded at $36.08, with a volume of 111 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SMGZY. Jefferies Financial Group reiterated a “hold” rating on shares of Smiths Group in a research report on Wednesday, May 20th. Zacks Research upgraded shares of Smiths Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on SMGZY

Smiths Group Stock Down 2.8%

The firm has a fifty day moving average price of $34.01 and a two-hundred day moving average price of $34.41.

About Smiths Group

(Get Free Report)

Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.

The company operates through four principal divisions.

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