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Goldman Sachs Reaffirms Their Buy Rating on Smiths Group plc (SMIN)


Goldman Sachs Reaffirms Their Buy Rating on Smiths Group plc (SMIN)

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In addition to Goldman Sachs, Smiths Group plc also received a Buy from J.P. Morgan's Lushanthan Mahendrarajah in a report issued on January 22. However, on January 19, Jefferies downgraded Smiths Group plc (LSE: SMIN) to a Hold.

SMIN market cap is currently £6.32B and has a P/E ratio of 25.61.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SMIN in relation to earlier this year.

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With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, Smiths Group is split across five divisions: mechanical seals, medical supplies, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include NASA, government security or defense departments, and hospitals. Medical is slated for a sale or spin-off.

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