Smiths Group (LON:SMIN) Stock Crosses Above 200 Day Moving Average – What’s Next?

Smiths Group plc (LON:SMIN – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 2,551.93 and traded as high as GBX 2,881. Smiths Group shares last traded at GBX 2,847, with a volume of 737,406 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on SMIN. 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. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,750 target price on shares of Smiths Group in a research note on Wednesday, July 1st. JPMorgan Chase & Co. boosted their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Berenberg Bank upped their price target 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Smiths Group currently has an average rating of “Moderate Buy” and an average target price of GBX 2,910.

Check Out Our Latest Research Report on Smiths Group

Smiths Group Trading Down 1.9%

The business’s 50 day simple moving average is GBX 2,651.26 and its 200-day simple moving average is GBX 2,554.86. 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 stock has a market capitalization of £7.58 billion, a P/E ratio of 4.33, a PEG ratio of 0.35 and a beta of 0.74.

Smiths Group (LON:SMIN – Get Free Report) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 49.50 EPS for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. As a group, analysts forecast that Smiths Group plc will post 85.1295337 EPS for the current year.

Insider Activity

In related news, insider Laurence Mulliez purchased 702 shares of the stock in a transaction dated Monday, September 28th. The stock was bought at an average cost of GBX 2,831 per share, with a total value of £19,873.62. Also, insider Richard Howes purchased 67 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of GBX 2,658 per share, for a total transaction of £1,780.86. 0.81% of the stock is currently owned by insiders.

Smiths Group Company Profile

(Get Free Report)

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.

Further Reading

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