Smiths Group (LON:SMIN) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Smiths Group plc (LON:SMIN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,483.65 and traded as high as GBX 2,487.29. Smiths Group shares last traded at GBX 2,464, with a volume of 204,430,750 shares.

Analysts Set New Price Targets

SMIN has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a report on Friday, May 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 3,000 price target on shares of Smiths Group in a report on Friday, May 22nd. Finally, Jefferies Financial Group cut their price target on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating for the company in a report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,128.33.

Smiths Group Stock Performance

The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19. The company has a market capitalization of £7.45 billion, a PE ratio of 32.08, a PEG ratio of 0.35 and a beta of 0.73. The stock’s fifty day simple moving average is GBX 2,456.03 and its 200-day simple moving average is GBX 2,483.65.

Smiths Group (LON:SMIN) last issued its earnings results on Friday, March 20th. The company reported GBX 62 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. On average, research analysts predict that Smiths Group plc will post 85.1295337 earnings per share for the current fiscal year.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Alister Cowan purchased 5,000 shares of the stock in a transaction dated Sunday, March 22nd. The shares were acquired at an average cost of GBX 2,268 per share, for a total transaction of £113,400. Also, insider Simon Pryce purchased 206 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of GBX 2,532 per share, for a total transaction of £5,215.92. Over the last three months, insiders purchased 5,276 shares of company stock valued at $12,038,832. Corporate insiders own 0.81% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.