For Institutions
About
British engineering firm Smiths Group said on Wednesday it would sell its Smiths Detection business, known for its baggage-screening kit in airports and explosive detectors, for 2 billion pounds ($2.65 billion), including debt, to private equity firm CVC Capital Partners. ($1 = 0.7549 pounds)
According to TipRanks, Mahendrarajah is a 4-star analyst with an average return of 7.2% and a 55.70% success rate. Mahendrarajah covers the Industrials sector, focusing on stocks such as IMI plc, Smiths Group plc, and Bodycote. Currently, the analyst consensus on Smiths Group plc is a Moderate Buy with an average price target of p2,393.50.
