SMGZY

Berenberg Bank Initiates Coverage of Smiths Group plc - Depositary Receipt () (SMGZY) with Buy Recommendation

Fintel reports that on August 22, 2024, Berenberg Bank initiated coverage of Smiths Group plc - Depositary Receipt () (OTCPK:SMGZY) with a Buy recommendation.

Analyst Price Forecast Suggests 22.37% Upside

As of August 6, 2024, the average one-year price target for Smiths Group plc - Depositary Receipt () is $26.87/share. The forecasts range from a low of $22.94 to a high of $30.67. The average price target represents an increase of 22.37% from its latest reported closing price of $21.96 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Smiths Group plc - Depositary Receipt () is 2,883MM, a decrease of 5.38%. The projected annual non-GAAP EPS is 0.94.

What is the Fund Sentiment?

There are 4 funds or institutions reporting positions in Smiths Group plc - Depositary Receipt (). This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to SMGZY is 0.02%, an increase of 10.58%. Total shares owned by institutions increased in the last three months by 1.29% to 4K shares.

What are Other Shareholders Doing?

SMGZY / Smiths Group plc - Depositary Receipt (Common Stock) Shares Held by Institutions

THRIVENT SERIES FUND INC - Thrivent International Index Portfolio holds 4K shares. In its prior filing, the firm reported owning 4K shares , representing an increase of 1.39%. The firm decreased its portfolio allocation in SMGZY by 11.91% over the last quarter.

SPWO - SP Funds S&P World (ex-US) ETF holds 0K shares. No change in the last quarter.

Sofos Investments holds 0K shares. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.

GAMMA Investing holds 0K shares. No change in the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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