Smiths Group (LON:SMIN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Smiths Group plc (LON:SMIN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,513.18 and traded as high as GBX 2,567. Smiths Group shares last traded at GBX 2,561, with a volume of 877,766 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on SMIN shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a research note on Wednesday, July 1st. Berenberg Bank restated a “buy” rating and set a GBX 3,000 target price on shares of Smiths Group in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their price target on Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,500 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,828.33.

Smiths Group Stock Performance

The firm’s 50 day moving average price is GBX 2,519.21 and its two-hundred day moving average price is GBX 2,513.18. The firm has a market cap of £7.64 billion, a PE ratio of 33.35, a PEG ratio of 0.35 and a beta of 0.73. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04.

Insider Buying and Selling

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

About Smiths Group

For 175 years, we have been pioneers of progress, engineering a better future. Our strategy is to be a focused, efficient and value creating industrial engineering company operating in the attractive and growing market segments of flow control, thermal solutions, construction and aerospace.

We focus on solving the toughest problems for our customers, helping address critical global needs such as decarbonisation and the ever-increasing demand for process and energy efficiency.

We are pioneers of progress.