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

Shares of Smiths Group plc (LON:SMIN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,499.05 and traded as high as GBX 2,594. Smiths Group shares last traded at GBX 2,560, with a volume of 918,537 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group cut their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 3,000 target price on shares of Smiths Group in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,128.33.

Smiths Group Trading Up 1.2%

The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04. The firm has a market capitalization of £7.69 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 0.35 and a beta of 0.73. The company has a 50 day moving average price of GBX 2,519.86 and a two-hundred day moving average price of GBX 2,499.05.

Insider Buying and Selling at Smiths Group

In related news, insider Simon Pryce purchased 206 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of GBX 2,532 per share, with a total value of £5,215.92. Also, insider Richard Howes acquired 70 shares of Smiths Group stock in a transaction on Friday, May 1st. The shares were bought at an average price of GBX 2,532 per share, with a total value of £1,772.40. 0.81% of the stock is currently owned by insiders.

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.