Smiths Group to Spin Off or Sell Detection Business; Return up to 850 Million Pounds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
0mins
Source: WSJ
Business Strategy: Smiths Group plans to spin off or sell its detection business and return up to £850 million ($1.06 billion) to shareholders as part of a strategic shift.
Divestment Plans: The company will also sell Smiths Interconnect by the end of the year, focusing on its John Crane and Flex-Tek businesses.
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.
