Smiths Group plc 17.5% potential upside indicated by Barclays

Smiths Group plc with ticker (LON:SMIN) now has a potential upside of 17.5% according to Barclays.



Barclays set a target price of 1,845 GBX for the company, which when compared to the Smiths Group plc share price of 1,570 GBX at opening today (27/10/2023) indicates a potential upside of 17.5%. Trading has ranged between 1,518 (52 week low) and 1,807 (52 week high) with an average of 775,663 shares exchanging hands daily. The market capitalisation at the time of writing is £5,468,816,060.

Smiths Group plc is an industrial technology company. The Company operates through four divisions: John Crane, Smiths Detection, Flex-Tek and Smiths Interconnect. Its John Crane segment is engaged in providing mechanical seals, seal support systems, power transmission couplings and specialized filtration systems. Its Smiths Detection segment offers sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband. Its Flex-Tek segment offers engineered components, flexible hosing and rigid tubing that heat and move fluids and gases. The Smiths Interconnect segment offers specialized electronic and radio frequency board-level and waveguide devices, connectors, cables, test sockets and sub-systems used in high-speed, high reliability, secure connectivity applications. It also manufacturer of heating, ventilation & air conditioning (HVAC) solutions. The Company has operations in more than 50 countries.