Smiths Group plc with ticker (LON:SMIN) now has a potential upside of 25.9% according to Jefferies.
SMIN.L
Jefferies set a target price of 2,180 GBX for the company, which when compared to the Smiths Group plc share price of 1,732 GBX at opening today (06/06/2024) indicates a potential upside of 25.9%. Trading has ranged between 1,518 (52 week low) and 1,777 (52 week high) with an average of 780,350 shares exchanging hands daily. The market capitalisation at the time of writing is £6,037,197,726.
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.
Smiths Group plc 25.9% potential upside indicated by Jefferies
- Written by: Charlotte Edwards
Latest Company News
Smiths Group has completed a £760 million buy-in for its pension scheme, covering more than 10,000 members and fully insuring c.17,000 members.
Smiths Group Plc has said it will begin the second tranche of its £1 billion share buyback programme once the current £600 million tranche is completed. The new phase will target up to £400 million of ordinary shares, with purchases expected to finish by the end of 2026, and shares may be cancelled or held in treasury.
Smiths Group has completed the sale of Smiths Detection and outlined plans to return £1.5bn to shareholders via buybacks.
Smiths has appointed Laurence Mulliez as an independent Non-executive Director, effective 1 September 2026. She brings extensive leadership, governance and board experience across global industrial and energy businesses.
Smiths reported flat organic revenue growth in Q3 and now expects FY2026 organic revenue growth of around 2%, while maintaining profit expectations and continuing portfolio reshaping.
Smiths has completed its acquisition of DRC Heat Transfer, adding complementary thermal products and solutions to Flex-Tek and strengthening its position in growing markets such as backup power and mission-critical applications.
