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

Smiths Group plc (LON:SMIN)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,483.65 and traded as high as GBX 2,487.29. Smiths Group shares last traded at GBX 2,464, with a volume of 204,430,750 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SMIN. 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. JPMorgan Chase & Co. decreased their target price on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Finally, Jefferies Financial Group decreased their target price on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a report on Thursday, May 21st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Smiths Group has a consensus rating of “Moderate Buy” and an average target price of GBX 3,128.33.

Smiths Group Stock Down 0.0%

The business’s 50 day moving average price is GBX 2,456.03 and its 200-day moving average price is GBX 2,483.65. The firm has a market capitalization of £7.45 billion, a PE ratio of 32.08, a P/E/G ratio of 0.35 and a beta of 0.73. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04.

Smiths Group (LON:SMIN) last released its quarterly 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 research analysts forecast that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insider Activity

In related news, insider Alister Cowan purchased 5,000 shares of Smiths Group stock in a transaction dated Sunday, March 22nd. The shares were acquired at an average cost of GBX 2,268 per share, with a total value of £113,400. Also, insider Richard Howes purchased 70 shares of Smiths Group stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of GBX 2,532 per share, for a total transaction of £1,772.40. In the last three months, insiders have purchased 5,276 shares of company stock valued at $12,038,832. Company insiders own 0.81% of the company’s stock.

About Smiths Group

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.