Smiths Group (LON:SMIN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Smiths Group plc (LON:SMIN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,485.76 and traded as high as GBX 2,529. Smiths Group shares last traded at GBX 2,504, with a volume of 714,489 shares trading hands.

Analyst Ratings Changes

SMIN has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating on the stock in a research report on Monday, March 23rd. Finally, Royal Bank Of Canada lifted their price target on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a research report on Thursday, January 29th. Four 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.com, Smiths Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,158.

Smiths Group Price Performance

The stock’s 50-day moving average is GBX 2,455.09 and its 200-day moving average is GBX 2,485.76. The firm has a market cap of £7.62 billion, a P/E ratio of 32.83, a price-to-earnings-growth 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.

Smiths Group (LON:SMIN) last announced its earnings results 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%. As a group, equities analysts anticipate that Smiths Group plc will post 85.1295337 EPS for the current fiscal year.

Insiders Place Their Bets

In other Smiths Group news, insider Simon Pryce purchased 206 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price 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 on Friday, May 1st. The shares were acquired at an average price of GBX 2,532 per share, for a total transaction of £1,772.40. Insiders have acquired 5,276 shares of company stock worth $12,038,832 over the last 90 days. 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.