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 Friday . The stock has a 200-day moving average of GBX 2,485.37 and traded as high as GBX 2,516. Smiths Group shares last traded at GBX 2,475, with a volume of 1,016,313 shares changing hands.

Analysts Set New Price Targets

SMIN has been the subject of several research analyst reports. Royal Bank Of Canada upped their target price on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating for the company in a report on Monday, March 23rd. Finally, Citigroup upped their target price on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Smiths Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,158.

Smiths Group Stock Performance

The firm’s fifty day moving average price is GBX 2,482.69 and its 200-day moving average price is GBX 2,485.37. 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 firm has a market cap of £7.48 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 0.35 and a beta of 0.73.

Smiths Group (LON:SMIN) last issued 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%. Analysts expect that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insider Buying and Selling

In other Smiths Group news, insider Simon Pryce purchased 206 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of GBX 2,532 per share, for a total transaction of £5,215.92. Also, insider Alister Cowan purchased 5,000 shares of the firm’s stock in a transaction that occurred on Sunday, March 22nd. The shares were acquired at an average price of GBX 2,268 per share, with a total value of £113,400. Insiders acquired a total of 5,276 shares of company stock worth $12,038,832 in the last 90 days. Company 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.