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An announcement from Smiths Group plc ( (GB:SMIN) ) is now available.
Smiths Group plc has entered into a binding agreement to sell its Smiths Interconnect division to Molex Electronic Technologies Holdings, LLC for an enterprise value of £1.3 billion. This transaction, expected to complete in the second half of fiscal year 2026, follows the completion of a French Employment Consultation and is subject to customary conditions and regulatory approvals.
The most recent analyst rating on (GB:SMIN) stock is a Hold with a £2562.00 price target. To see the full list of analyst forecasts on Smiths Group plc stock, see the GB:SMIN Stock Forecast page.
Spark’s Take on GB:SMIN Stock
According to Spark, TipRanks’ AI Analyst, GB:SMIN is a Neutral.
Smiths Group plc’s overall stock score reflects strong financial health and strategic initiatives to enhance shareholder value. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. Positive earnings call and corporate events provide a supportive outlook.
To see Spark’s full report on GB:SMIN stock, click here.
More about Smiths Group plc
Smiths Group plc is a longstanding industrial engineering company with over 170 years of history, focusing on energy, industrials, and construction markets. The company aims to address global challenges such as decarbonisation and energy efficiency, employing around 16,000 people across more than 50 countries.
Average Trading Volume: 1,041,633
Technical Sentiment Signal: Buy
Current Market Cap: £7.55B
See more insights into SMIN stock on TipRanks’ Stock Analysis page.