Smiths Group (LON:SMIN) Shares Pass Above 200-Day Moving Average – Time to Sell?

Smiths Group plc (LON:SMIN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,538.57 and traded as high as GBX 2,608. Smiths Group shares last traded at GBX 2,601, with a volume of 462,891 shares trading hands.

Analysts Set New Price Targets

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

Smiths Group Price Performance

The firm has a market cap of £7.48 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. 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 50 day moving average is GBX 2,600.42 and its 200 day moving average is GBX 2,538.57.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Richard Howes bought 67 shares of Smiths Group stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of GBX 2,658 per share, with a total value of £1,780.86. 0.86% of the stock is owned by company insiders.

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.