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

Smiths Group plc (LON:SMIN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Upgrades and Downgrades

SMIN has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. reduced their price objective 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 reiterated a “buy” rating and set a GBX 3,000 price objective on shares of Smiths Group in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Smiths Group has a consensus rating of “Moderate Buy” and an average price target of GBX 3,128.33.

Smiths Group Price Performance

The stock 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. 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 business’s 50 day simple moving average is GBX 2,481.70 and its 200-day simple moving average is GBX 2,483.03.

Smiths Group (LON:SMIN) last announced its quarterly earnings data 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 forecast that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insider Transactions at Smiths Group

In related news, insider Alister Cowan bought 5,000 shares of the company’s stock in a transaction dated Sunday, March 22nd. The stock was purchased at an average price of GBX 2,268 per share, with a total value of £113,400. Also, insider Simon Pryce bought 206 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of GBX 2,532 per share, with a total value of £5,215.92. Over the last 90 days, insiders purchased 5,276 shares of company stock valued at $12,038,832. 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.