Smiths Group (LON:SMIN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

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 2,513.18 and traded as high as GBX 2,567. Smiths Group shares last traded at GBX 2,561, with a volume of 877,766 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SMIN shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,750 price objective 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 target price on shares of Smiths Group in a research note on Wednesday, July 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a 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. According to MarketBeat, Smiths Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,828.33.

Smiths Group Stock Up 0.4%

The stock has a market cap of £7.64 billion, a PE ratio of 33.35, a P/E/G ratio of 0.35 and a beta of 0.73. The business has a 50 day moving average of GBX 2,519.21 and a 200-day moving average of GBX 2,513.18. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19.

Insider Buying and Selling

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