Smiths Group (OTCMKTS:SMGZY) Raised to Hold at Barclays

Barclays upgraded shares of Smiths Group (OTCMKTS:SMGZY) to a hold rating in a report issued on Monday morning, Zacks.com reports.

Separately, Berenberg Bank raised Smiths Group to a hold rating in a report on Friday, August 23rd.

Smiths Group Trading Down 2.2 %

SMGZY opened at $21.64 on Monday. Smiths Group has a 1-year low of $18.49 and a 1-year high of $24.49. The stock’s 50 day simple moving average is $23.14 and its 200 day simple moving average is $22.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.91.

Smiths Group Increases Dividend

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

About Smiths Group

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.