Smiths Group (LON:SMIN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Smiths Group plc (LON:SMIN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,540.82 and traded as high as GBX 2,644. Smiths Group shares last traded at GBX 2,612, with a volume of 2,071,630 shares traded.

Analyst Ratings Changes

Several analysts have commented on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 3,000 price target on shares of Smiths Group in a research report on Friday, May 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,500 price objective on shares of Smiths Group in a report on Wednesday, July 1st. 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. Finally, JPMorgan Chase & Co. raised their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,876.67.

Smiths Group Price Performance

The company has a market cap of £7.70 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73. The stock has a fifty day simple moving average of GBX 2,601.58 and a two-hundred day simple moving average of GBX 2,540.82. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19.

Insiders Place Their Bets

In other Smiths Group news, insider Richard Howes acquired 67 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average cost of GBX 2,658 per share, with a total value of £1,780.86. 0.85% of the stock is 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.