Is Smiths Group (SMGZY) Now a Sell? Why did HSBC Securities Downgrade The Stock?

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Smiths Group (SMGZY) Receives a Downgrade

In a note revealed on Tuesday morning, HSBC Securities has decided to lowered rating on Smiths Group (SMGZY) shares to a Reduce. SMGZY’s prior rating was a Hold.

From a total of 1 analysts covering Smiths Group (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 3 analyst reports since September 23, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on October 21 to “Buy” rating. Numis Securities upgraded SMGZY stock in a recent report from September 23 to “Hold” rating.

Approximately 6,530 shares of stock traded hands. Smiths Group PLC(ADR) (SMGZY) has declined 11.56% since April 28, 2015 and is downtrending. It has underperformed by 9.94% the S&P500.

Is Smiths Group (SMGZY) Now a Sell? Why did HSBC Securities Downgrade The Stock?

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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