Smiths Group (LON:SMIN) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Smiths Group plc (LON:SMIN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,538.57 and traded as high as GBX 2,608. Smiths Group shares last traded at GBX 2,601, with a volume of 462,891 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SMIN shares. JPMorgan Chase & Co. boosted their price objective on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,500 price objective on shares of Smiths Group in a report on Wednesday, July 1st. Berenberg Bank restated a “buy” rating and set a GBX 3,000 price target on shares of Smiths Group in a research report on Friday, May 22nd. Finally, 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. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,876.67.

Smiths Group Stock Performance

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 company’s 50-day moving average price is GBX 2,601.16 and its 200 day moving average price is GBX 2,538.25. The stock has a market capitalization of £7.42 billion, a PE ratio of 33.59, a PEG ratio of 0.35 and a beta of 0.74.

Insider Buying and Selling

In related news, insider Richard Howes purchased 67 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average price of GBX 2,658 per share, for a total transaction of £1,780.86. 0.86% of the stock is currently owned by insiders.

Smiths Group Company Profile

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.