Smiths Group (OTCMKTS:SMGZY) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Smiths Group (OTCMKTS:SMGZY) to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also commented on the company. Berenberg Bank upgraded Smiths Group to a “hold” rating in a research note on Friday, August 23rd. Barclays raised Smiths Group to a “hold” rating in a research note on Monday, September 30th.

Smiths Group Stock Up 0.7 %

Shares of OTCMKTS SMGZY opened at $23.00 on Thursday. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $21.49 and its two-hundred day moving average price is $22.17. Smiths Group has a one year low of $19.34 and a one year high of $24.49.

Smiths Group Increases Dividend

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

Smiths Group Company Profile

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.