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

Smiths Group plc (LON:SMIN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,538.11 and traded as high as GBX 2,605. Smiths Group shares last traded at GBX 2,583, with a volume of 25,106,332 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,500 price objective on shares of Smiths Group in a research note on Wednesday, July 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a report on Friday, May 22nd. JPMorgan Chase & Co. increased their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a report 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’s stock. Based on data from MarketBeat, Smiths Group currently has an average rating of “Moderate Buy” and an average price target of GBX 2,876.67.

Smiths Group Price Performance

The company’s fifty day moving average is GBX 2,597.48 and its two-hundred day moving average is GBX 2,538.54. The firm has a market cap of £7.67 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04.

Insider Activity at Smiths Group

In related news, insider Richard Howes bought 67 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of GBX 2,658 per share, for a total transaction of £1,780.86. Insiders own 0.85% 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.