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

Smiths Group plc (LON:SMIN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,536.54 and traded as high as GBX 2,683. Smiths Group shares last traded at GBX 2,647, with a volume of 892,178 shares traded.

Analyst Upgrades and Downgrades

SMIN has been the subject of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,000 target price on shares of Smiths Group in a report on Friday, May 22nd. Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research note on Wednesday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,500 target price on shares of Smiths Group in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,876.67.

Smiths Group Price Performance

The company’s 50 day moving average is GBX 2,584.19 and its 200 day moving average is GBX 2,536.50. 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 stock has a market capitalization of £7.70 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73.

Insider Activity

In other news, insider Richard Howes acquired 67 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were bought at an average price of GBX 2,658 per share, with a total value of £1,780.86. Insiders own 0.85% of the company’s stock.

About Smiths Group

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.