Smiths Group (LON:SMIN) Shares Break Above 200-Day Moving Average - Should You Sell?

Key Points

• Smiths Group shares broke above their 200-day moving average, reaching GBX 2,751 before last trading at GBX 2,722, compared with a 200-day average of GBX 2,571.76.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of GBX 2,910. Recent targets range from GBX 2,500 to GBX 3,200.
• The company reported quarterly EPS of GBX 49.50, while insiders recently bought shares. Smiths Group has a £7.62 billion market capitalization and a reported net margin of 101.70%.

Smiths Group plc (LON:SMIN - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 2,571.76 and traded as high as GBX 2,751. Smiths Group shares last traded at GBX 2,722, with a volume of 916,072 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group restated a "hold" rating and set a GBX 2,750 price objective on shares of Smiths Group in a research note on Wednesday, July 1st. JPMorgan Chase & Co. raised 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. Berenberg Bank lifted their target price on Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a "buy" rating in a research note on Wednesday, September 23rd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,500 target price on shares of Smiths Group in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 2,910.

Smiths Group Stock 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 £7.62 billion, a P/E ratio of 4.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. The firm's 50 day moving average is GBX 2,657.85 and its 200 day moving average is GBX 2,571.76.

Smiths Group (LON:SMIN - Get Free Report) last posted its earnings results on Tuesday, September 22nd. The company reported GBX 49.50 EPS for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. Analysts anticipate that Smiths Group plc will post 85.13 EPS for the current year.

Insiders Place Their Bets

In other Smiths Group news, insider Richard Howes purchased 67 shares of Smiths Group stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of GBX 2,658 per share, with a total value of £1,780.86. Also, insider Laurence Mulliez acquired 702 shares of the firm's stock in a transaction dated Monday, September 28th. The shares were acquired at an average price of GBX 2,831 per share, with a total value of £19,873.62. Corporate insiders own 0.81% 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.

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