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

Smiths Group plc (LON:SMIN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,191.77 ($29.43) and traded as high as GBX 2,446 ($32.84). Smiths Group shares last traded at GBX 2,406 ($32.30), with a volume of 955,980 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Smiths Group in a report on Friday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Smiths Group Stock Up 1.7%

The firm has a market cap of £7.82 billion, a P/E ratio of 2,820.63, a P/E/G ratio of 0.35 and a beta of 0.66. The business’s fifty day moving average price is GBX 2,355.92 and its two-hundred day moving average price is GBX 2,191.77. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55.

Smiths Group (LON:SMIN) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 85.70 earnings per share for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. As a group, equities research analysts anticipate that Smiths Group plc will post 85.1295337 EPS for the current year.

Insider Activity

In related news, insider Julian Fagge sold 26,199 shares of Smiths Group stock in a transaction on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total value of £634,277.79. Also, insider Roland Carter sold 29,313 shares of Smiths Group stock in a transaction on Monday, October 13th. The stock was sold at an average price of GBX 2,421, for a total transaction of £709,667.73. Over the last quarter, insiders have bought 1,091 shares of company stock worth $1,643,119. Insiders own 0.75% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology 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 offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.