Smiths Group

SMIN: 1,442.00 0.00 (0.00%)

Delayed:2016-12-09 18:15:00
Bid Price 0.00 High Price 0.00
Ask Price 0.00 Low Price 0.00
Open Price 0.00 Spread 0.00%
Prev Close 1,442.00 Volume 0.00

Smiths Group Share Price Chart


Historic – 1 year

Smiths Group Share Price Information

Name Smiths Group Epic SMIN
Sector General Industrials ISIN GB00B1WY2338
Activites Smiths is an engineering company with market-leading positions worldwide in its chosen areas of specialisation – detection systems, medical devices, aerospace systems, mechanical seals and interconnect products. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) 53.25
Market Cap (£m) 5,693.95 Gross Gearing (%) 62.89
Shares in issue (m) 395.41 Debt Ratio 52.33
P/E Ratio 21.95 Debt-to-Equity Ratio 0.65
Divs per share (p) 42.00 Assets / Equity Ratio 2.70
Dividend Yield (%) 2.92 Price to book value 3.43
Dividend Cover 1.69 SROCE (%) 9.94
Earning per share (p) 65.60 EPS Growth (%) 5.13
52-week high / low (p) 1,566.00 / 858.00 DPS Growth (%) 2.44

Smiths Group Broker Views

Date Broker Rec. Price Old target price New target price Notes
16 Nov JP Morgan Cazenove Overweight 1,442.00 1600.00 1612.00 Reiterates
16 Nov Deutsche Bank Buy 1,442.00 Retains
08 Nov JP Morgan Cazenove Overweight 1,442.00 1600.00 1600.00 Reiterates
08 Nov Deutsche Bank Buy 1,442.00 Retains
28 Oct Jefferies International Hold 1,442.00 1200.00 1375.00 Reiterates

Smiths Group Director Deals

Date Director Type Volume / Price Trade Value
03 Oct 2016 Chris O’Shea Sell 17600 @ 1453.27p £255,775.34
03 Oct 2016 Chris O’Shea Transfer In 37371 @ 0.00p £0.00
30 Jun 2016 Andrew Reynolds Smith Sell 14881 @ 1114.50p £165,848.75
30 Jun 2016 Andrew Reynolds Smith Transfer In 31597 @ 0.00p £0.00

Smiths Group Company News

Tata Intl MD joins Smiths board

Smiths Group has appointed Noel Naval Tata as an independent non-executive director with effect from 1 January.

Tata is the managing director of Tata International, a global trading and distribution company and a trading arm of the Tata Group, the privately-owned multinational holding company headquartered in Mumbai, India.

Tata is also a director of various Tata group companies including those listed below.

Tata has a BA in Economics from the University of Sussex and completed the International Executive Programme at the INSEAD Business School in France.

Smiths Group chairman Sir George Buckley said: “The Board is absolutely delighted to welcome Noel as an additional non-executive director. He will bring a distinct and very valuable contribution to the Board. He has had a long and successful business career to date and an impressive track record in high growth economies where Smiths is accelerating its growth agenda. He joins us at an exciting point in Smiths Group’s development.”

Tata will be a member of the Audit, Nomination and Remuneration Committees.

At 2:11pm: (LON:SMIN) Smiths Group PLC share price was -5.5p at 1397.5p

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Broker Forecast – JP Morgan Cazenove issues a broker note on Smiths Group PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Smiths Group PLC (LON:SMIN) and raised its price target to 1612p (from 1600p).

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Smiths in-line

Smiths Group said its overall performance in Q1 was in-line with management views, and that expectations for the full year remain unchanged.

Revenue declined 3% on an underlying basis. On a reported basis, revenue grew 16%, reflecting the effects of recent movements in foreign exchange.

At 28 October, net debt was £983 million.

“Since then net debt has reduced further, with the receipt of proceeds from the divestment of John Crane’s Artificial Lift business and Smiths Medical’s Wallace franchise,” the company said.

On 28 September 2016, the Group set out its strategy to lay the foundations for future value creation through stronger growth, improved competitiveness, more robust and consistent execution and a better focused portfolio.

With the recent divestment of John Crane’s Artificial Lift business and Smiths Medical’s Wallace franchise, the Group has disposed of £60 million of revenue and released over £170 million of capital towards reinvestment in attractive growth opportunities.

Further steps were also taken in the quarter to de-risk the Group’s pension liabilities through a £250 million bulk annuity buy-in agreement.

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FLASH: Smiths Group says Q1 performance in line

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FTSE rises ahead of US election on banks, miners

London stocks opened higher as global markets prepare for the US election on Nov. 8, with UK sentiment still benefiting from last week’s High Court decision relating to prerogative and the country quitting the EU.

Soon after the open, FTSE 100 was up 84.62 points, or 1.26%, to 6777.88 and FTSE 250 was up 113.87, or 0.66%, to 17,385.1. At 8.36am, WTI crude was up 1.47% to $44.72/bbl and Brent was up 1.27% to $46.16/bbl. Gold was down 1.26% to $1288.1/oz.

Banks helped lead the blue-chip charge. HSBC Holdings (HSBA), up 4.07% to 619p, has posted Q3 pretax profits of $843m, down 86% from $6,097m a year ago. On an adjusted basis, pretax profits rose 7% to $5,591m. Barclays (BARC), up 1.38% to 183.85p, was further back.

Miners were also onthe front foot after BHP Billiton (BLT), up 4.31% to 1216.25p, with Antofagasta (ANTO) adding 3.81% to 551.75p and more following. Oil majors gained after Shell (RDSA), up 1.5% to 2046.75p, and BP (BP.), up 1.06% to 451.18p.

Overall, 88 blue chips were on the front foot. About 41 stocks gained by 1% or more. All sectors were included among the gainers, with insurers, consumer goods, tobacco, beverages, leisure and pharmas all figuring higher for the most part.

Smiths Group (SMIN), up 1.24% to 1389p, has completed the sale of its Wallace product line, a part of the Specialty products segment of Smiths Medical, to CooperSurgical Inc for a value of £140m, subject to customary closing adjustments.

Hammerson (HMSO), up 1.01% to 551.5p, has exchanged contracts for the sale of Westmorland Retail Park, Cramlington in Northumberland to Arch Commercial Enterprise Ltd for £36m.


Redcentric (RCN), down 66.58% to 50.13p, said an internal audit review in relation to its interim results has discovered misstated accounting balances in the group’s balance sheet.

E2v technologies (E2V), down 14.58% to 186p, said its revenues and profits fell in the six months to the end of September amid challenging trading conditions.

Sovereign Mines of Africa (SMA), down 13.79% to 0.63p, has entered into an agreement with Volcanic Metals Corp to farm-out its 75% interest in the Mandiana Gold Project in the Republic of Guinea, West Africa.


Cambium Global Timberland (TREE), up 12% to 7p, has entered into a wood supply agreement to sell Suzano Papel E Celulose SA substantially all of the standing timber on Cambium’s 3R property in Tocantins state, Brazil.

21st Century Technology (C21), up 11.76% to 2.38p, has won a two-year contract extension to an existing framework agreement with Arriva Bus UK through to February 2019 with a customer option of an additional one-year extension.

Fever-Tree (FEVR), up 10.42% to 1070p, expects its FY results to be materially ahead of forecasts. Keywords Studios (KWS), up 9.29% to 464.5p, expects FY revenues and adjusted pretax profits to be significantly ahead of current market views.

Patagonia Gold (PGD), up 8% to 3.38p, said it is pleased with the results from its first drill programme in Uruguay. Ten Alps (TAL), down 6.25% to 0.75p, has more than tripled its FY pretax loss to £3.7m, from a year-earlier loss of £1.0m. Revenue had improved to £22.6m, from £18.0m.

RedT energy (RED), up 6.6% to 14.13p, confirms the sale of a Gen 2 energy storage machine to Jabil Inala, a South African energy solutions provider and systems integrator, operating across sub-Saharan Africa.

eServGlobal (ESG), down 6.12% to 5.75p, has warned that revenue for the year to the end of October is expected to be in the range of €14.0m to €14.5m, which is below previous guidance.

Surgical Innovations (SUN), up 5.43% to 3.4p, has completed the acquisition of the laparoscopic instruments business and related assets of Surgical Dynamics Ltd for a cash consideration of about £0.36m.

Other stocks in the news included Hiscox (HSX), LightwaveRF (LWRF), Rambler Metals & Mining (RMM), Compagnie de Saint-Gobain (COD), Morgan Advanced Materials (MGAM), Ideagen (IDEA), YOLO (YOLO), Action Hotels (AHCG), Sula Iron & Gold (SULA), Randall & Quilter Investment Holdings (RQIH), Lookers (LOOK), Minds + Machines (MMX) and John Laing Infrastructure Fund (JLIF).

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