Smiths Group (LON:SMIN) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Smiths Group plc (LON:SMIN) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 2,571.76 and traded as high as GBX 2,751. Smiths Group shares last traded at GBX 2,722, with a volume of 916,072 shares.

Analyst Ratings Changes

SMIN has been the topic of several analyst reports. Berenberg Bank upped their price objective on Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. increased their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,500 price target on shares of Smiths Group in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Smiths Group presently has an average rating of “Moderate Buy” and an average price target of GBX 2,910.

Smiths Group Stock Up 0.5%

The business’s 50 day moving average price is GBX 2,657.77 and its 200-day moving average price is GBX 2,574.39. The company has a debt-to-equity ratio of 46.28, a current ratio of 2.77 and a quick ratio of 1.29. The company has a market cap of £7.51 billion, a P/E ratio of 4.29, a PEG ratio of 0.35 and a beta of 0.74.

Smiths Group (LON:SMIN) last announced its earnings results on Tuesday, September 22nd. The company reported GBX 49.50 EPS for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. On average, analysts anticipate that Smiths Group plc will post 85.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Richard Howes acquired 67 shares of Smiths Group 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. Also, insider Laurence Mulliez acquired 702 shares of Smiths Group stock in a transaction on Monday, September 28th. The stock was acquired at an average cost of GBX 2,831 per share, for a total transaction of £19,873.62. Insiders own 0.81% of the company’s stock.

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.