Citi reiterates ‘buy’ on Smiths Group after share price slump.
Citi reiterated its ‘buy’ rating on Smiths Group on Monday as it said the selloff in the share price after results on Friday was overdone.
Smiths Group
23 March 2026 13:22:21
Source: Sharecast
Shares in Smiths Group slumped on Friday after the engineer reported a "solid" first-half performance but the outlook underwhelmed.
Citi said that following the conference call, it thinks investor debates fall into three areas: the size of the buyback, the Flex-Tek growth outlook, and the Middle East risk in the John Crane segment.
The bank said that with limited changes to consensus likely and an already negative sentiment heading into the numbers, "the share price reaction looks harsh".
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