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

Smiths Group plc (LON:SMIN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,507.72 and traded as high as GBX 2,518. Smiths Group shares last traded at GBX 2,422, with a volume of 73,236,648 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on SMIN. JPMorgan Chase & Co. cut 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 note on Friday, May 22nd. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,500 price objective on shares of Smiths Group in a report on Wednesday, July 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,000 price objective on shares of Smiths Group in a research report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,828.33.

Smiths Group Price Performance

The company has a market cap of £7.29 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19. The company has a fifty day moving average price of GBX 2,521.14 and a two-hundred day moving average price of GBX 2,507.72.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Richard Howes purchased 70 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average price of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce acquired 206 shares of the company’s stock in a transaction dated 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. 0.81% of the stock is owned by company 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.