Smiths Group (LON:SMIN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Smiths Group plc (LON:SMIN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,507.72 and traded as high as GBX 2,518. Smiths Group shares last traded at GBX 2,422, with a volume of 73,236,648 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SMIN shares. Royal Bank Of Canada reiterated 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. JPMorgan Chase & Co. dropped their price objective on Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,750 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 3,000 target price on shares of Smiths Group in a report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Smiths Group currently has an average rating of “Moderate Buy” and an average target price of GBX 2,828.33.

Smiths Group Stock Up 0.6%

The company has a market capitalization of £7.48 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 0.35 and a beta of 0.73. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29. The firm’s fifty day moving average price is GBX 2,520.26 and its 200-day moving average price is GBX 2,508.29.

Insiders Place Their Bets

In other news, insider Simon Pryce purchased 206 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of GBX 2,532 per share, with a total value of £5,215.92. Also, insider Richard Howes purchased 70 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of GBX 2,532 per share, for a total transaction of £1,772.40. Insiders own 0.81% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial engineering 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 engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.