Smiths Group (LON:SMIN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

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.

Analysts Set New Price Targets

Several research firms recently issued reports on SMIN. Berenberg Bank restated a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a research note on Friday, May 22nd. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of 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 reaffirmed a “sector perform” rating and set a GBX 2,500 price target on shares of Smiths Group in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on 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 Up 0.9%

The stock has a 50-day moving average of GBX 2,520.30 and a 200-day moving average of GBX 2,502.43. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29. The firm has a market cap of £7.80 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 0.35 and a beta of 0.73.

Insider Buying and Selling at Smiths Group

In related news, insider Simon Pryce purchased 206 shares of the company’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, with a total value of £5,215.92. Also, insider Richard Howes acquired 70 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of GBX 2,532 per share, with a total value of £1,772.40. 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.