Smiths Group (OTC:SMGZY) Has Been Downgraded Today by HSBC Securities to a Reduce

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Smiths Group (OTC:SMGZY) Receives a Downgrade

HSBC Securities has cut the rating for shares of Smiths Group (OTC:SMGZY) to a solid Reduce in an interesting research report finalized on 1 December. SMGZY’s previous rating by the firm was a Hold.

From a total of 1 analysts covering Smiths Group (OTC:SMGZY) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 0% of the ratings are positive. Smiths Group was the topic of 7 analyst reports since September 23, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on October 21 to “Buy” rating. Beaufort Securities maintained SMGZY stock in a recent report from September 24 with “Hold” rating. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a September 24.

It is down 11.56% since April 28, 2015 and is downtrending. It has underperformed by 9.94% the S&P500.

Smiths Group (OTC:SMGZY) Has Been Downgraded Today by HSBC Securities to a Reduce

Smiths Group plc is a technology company. The company has a market cap of $6.20 billion. The Firm operates through five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. It currently has negative earnings. John Crane division offers mechanical seals, seal support systems, engineered bearings, power transmission couplings and filtration systems.

According to Zacks Investment Research, “Smiths Group plc is a technology company. The Company designs, manufactures and delivers products and services for the threat & contraband detection, medical devices, energy and communications market. Its operating segment consists John Crane sector provides mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialist filtration systems, Smiths Medical sector provides infusion systems, vascular access, patient airway and temperature management equipment and specialty devices. Smiths Detection sector provides sensors that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect sector provides specialised electronic and radio frequency components and sub-systems that connect, protect and control critical systems; Flex-Tek division provides engineered components that heat and move fluids and gases, flexible hosing and rigid tubing. Smiths Group plc is headquartered in London, the United Kingdom.” Get a free copy of the Zacks research report on Smiths Group PLC(ADR) (SMGZY)

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