Market's view on Smiths Group
Published on April 2024
- Smiths Detection launches a new X-ray diffraction scanner.
- HSBC upgrades Smiths Group to ‘buy’ with an increased price target of 2,000 pence.
- A planned relaxation of rules for airline passengers carrying liquids delayed by a year due to UK airports’ slow adoption of new scanning technology.
- Smiths Group’s share price shows no significant changes over the past year and the dividend remains low.
- Smiths Group’s recent financial results initially boosted stock gains, but these were quickly lost.
- Smiths Group appoints Roland Carter as the new CEO, succeeding the previous CEO who has a new position lined up in the USA.
- Goldman Sachs and Investors Chronicle express strong confidence in Smiths Group, projecting increased price targets and highlighting record orders.
- Smiths Detection secures contracts to supply London Gatwick with advanced CT X-ray scanners, as part of a UK government mandate for major airports.
- JP Morgan revises Smiths Group’s price target downwards.
- Smiths Group shares rise following a detailed Capital Markets Day presentation, focusing on the resilient high margins of their John Crane division, and opportunities arising from the energy transition.
- Smiths Group prepares for a trading update and announces an upcoming dividend.