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

Smiths Group plc (LON:SMIN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,483.03 and traded as high as GBX 2,520. Smiths Group shares last traded at GBX 2,510, with a volume of 34,005,418 shares traded.

Analysts Set New Price Targets

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

Smiths Group Price 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’s 50 day moving average is GBX 2,481.70 and its 200 day moving average is GBX 2,483.03. The firm has a market capitalization of £7.56 billion, a price-to-earnings ratio of 32.77, a P/E/G ratio of 0.35 and a beta of 0.73.

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

Insider Activity at Smiths Group

In other Smiths Group news, insider Simon Pryce purchased 206 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of GBX 2,532 per share, for a total transaction of £5,215.92. Also, insider Richard Howes purchased 70 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of GBX 2,532 per share, for a total transaction of £1,772.40. Over the last three months, insiders have acquired 5,276 shares of company stock worth $12,038,832. Corporate insiders own 0.81% of the company’s stock.

About Smiths Group

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.