Smiths Group (LON:SMIN) Shares Cross Above 200-Day Moving Average – What’s Next?

Smiths Group plc (LON:SMIN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,226.92 ($29.70) and traded as high as GBX 2,516 ($33.56). Smiths Group shares last traded at GBX 2,506 ($33.42), with a volume of 586,313 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Smiths Group in a report on Friday, October 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Smiths Group Stock Up 0.1%

The stock’s fifty day moving average is GBX 2,373.93 and its two-hundred day moving average is GBX 2,226.92. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55. The company has a market capitalization of £8.14 billion, a PE ratio of 29.38, a P/E/G ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN) last issued 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, analysts predict that Smiths Group plc will post 85.1295337 EPS for the current year.

Insider Activity at Smiths Group

In other Smiths Group news, insider Karin Hoeing acquired 242 shares of the company’s stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of GBX 2,340 per share, with a total value of £5,662.80. Also, insider Richard Howes acquired 76 shares of the company’s stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of GBX 2,340 per share, for a total transaction of £1,778.40. Insiders purchased a total of 1,091 shares of company stock valued at $1,643,119 over the last quarter. Corporate insiders own 0.75% 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.