Berenberg Bank Upgrades Smiths Group (OTCMKTS:SMGZY) to Strong-Buy

Smiths Group (OTCMKTS:SMGZY) was upgraded by investment analysts at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Smiths Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Smiths Group Price Performance

OTCMKTS SMGZY opened at $35.97 on Wednesday. The company has a 50 day simple moving average of $33.07 and a 200-day simple moving average of $32.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.18 and a quick ratio of 1.56. Smiths Group has a 52-week low of $21.76 and a 52-week high of $36.28.

About Smiths Group

Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.

The company operates through four principal divisions.