Smiths Group (LON:SMIN) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Smiths Group plc (LON:SMIN)’s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 2,657.63 and traded as high as GBX 2,670. Smiths Group shares last traded at GBX 2,667, with a volume of 105,490,820 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SMIN. Berenberg Bank upped their target price on Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. raised their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,750 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,500 price target on shares of Smiths Group in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,910.

Smiths Group Price Performance

The company has a debt-to-equity ratio of 46.28, a quick ratio of 1.29 and a current ratio of 2.77. The stock has a market cap of £7.46 billion, a price-to-earnings ratio of 4.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. The business’s fifty day simple moving average is GBX 2,657.63 and its 200 day simple moving average is GBX 2,565.59.

Smiths Group (LON:SMIN) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. Research analysts predict that Smiths Group plc will post 85.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Smiths Group news, insider Laurence Mulliez purchased 702 shares of Smiths Group stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average price of GBX 2,831 per share, with a total value of £19,873.62. Also, insider Julian Fagge sold 26,686 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of GBX 2,668, for a total value of £711,982.48. Insiders own 0.81% of the company’s stock.

About Smiths Group

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.