Smiths Group (OTCMKTS:SMGZY) Upgraded at Citigroup

Citigroup upgraded shares of Smiths Group (OTCMKTS:SMGZY) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Berenberg Bank upgraded shares of Smiths Group to a “hold” rating in a research note on Friday, August 23rd. Barclays upgraded shares of Smiths Group to a “hold” rating in a research note on Monday, September 30th.

Smiths Group Stock Performance

Shares of SMGZY stock opened at $23.00 on Thursday. Smiths Group has a 12 month low of $19.34 and a 12 month high of $24.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.07. The company’s fifty day moving average price is $21.49 and its 200-day moving average price is $22.16.

Smiths Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, October 18th will be given a dividend of $0.378 per share. The ex-dividend date of this dividend is Friday, October 18th. This is a positive change from Smiths Group’s previous dividend of $0.16.

Smiths Group Company Profile

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.