Smiths Group (LON:SMIN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Smiths Group plc (LON:SMIN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,524.80 and traded as high as GBX 2,715. Smiths Group shares last traded at GBX 2,656, with a volume of 1,276,422 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on SMIN shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,750 target price on shares of Smiths Group in a research report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price target on shares of Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a research report on Tuesday. Berenberg Bank restated a “buy” rating and issued a GBX 3,000 price objective on shares of Smiths Group in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,500 price objective on shares of Smiths Group in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Smiths Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,876.67.

Smiths Group Stock Down 1.8%

The firm has a market capitalization of £7.75 billion, a PE ratio of 33.84, a PEG ratio of 0.35 and a beta of 0.73. The business’s fifty day moving average price is GBX 2,541.08 and its 200 day moving average price is GBX 2,526.13. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19.

Insider Activity

In related news, insider Richard Howes acquired 70 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was bought at an average cost of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce bought 206 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average price of GBX 2,532 per share, for a total transaction of £5,215.92. 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.