RBC Capital upgrades Smith Group
Smiths Group
1,751.00p
16:44 07/01/25
0.40%
7.00p
RBC Capital Markets upgraded Smiths Group on Thursday to ‘sector perform’ from ‘underperform’ and lifted the price target.
FTSE 100
8,251.03
17:14 07/01/25
n/a
n/a
FTSE 350
4,528.79
17:14 07/01/25
n/a
n/a
FTSE All-Share
4,484.17
16:44 07/01/25
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General Industrials
7,470.24
17:14 07/01/25
0.58%
43.14
"Underperformance of around 20% over the last nine months means that the relative valuation of Smiths has moved from a significant sector premium to now a slight discount," it said.
"With higher peer multiples supporting our sum-of-the-part rising to 1,775p (from 1,650p) we upgrade our rating."