Smiths Group to divest baggage-screening unit as part of restructuring plan By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
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Source: Investing.com
Divestment Plans: Smiths Group announced plans to divest its baggage-screening business, Smiths Detection, and also sell its Smiths Interconnect unit as part of a restructuring effort aimed at enhancing shareholder value.
Focus on Core Units: The company will concentrate on its industrial technology units, John Crane and Flex-Tek, while expanding its share buyback program and ensuring the restructuring is conducted respectfully towards stakeholders.
Analyst Views on SMIN
Wall Street analysts forecast SMIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMIN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 65.530
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Current: 65.530
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
