Smiths Group (LON:SMIN) Stock Breaks Above 200 Day Moving Average - Here's Why

Key Points

• Smiths Group shares broke above their 200-day moving average, reaching GBX 2,881 before closing at GBX 2,847, up 0.2%. Trading volume was 737,406 shares.
• Analyst sentiment is broadly positive: the stock has an average “Moderate Buy” rating and a consensus price target of GBX 2,910, with Berenberg and JPMorgan recently raising targets to GBX 3,200 and GBX 3,100, respectively.
• The company reported quarterly earnings of GBX 49.50 per share, while insiders recently purchased shares. Smiths Group has an £8.19 billion market capitalization and a reported net margin of 101.70%.

Smiths Group plc (LON:SMIN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 2,551.93 and traded as high as GBX 2,881. Smiths Group shares last traded at GBX 2,847, with a volume of 737,406 shares changing hands.

Analysts Set New Price Targets

SMIN has been the subject of several analyst reports. Berenberg Bank raised their price target on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of 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. Jefferies Financial Group restated a "hold" rating and issued a GBX 2,750 price objective on shares of Smiths Group in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 2,500 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 2,910.

Smiths Group Stock Up 0.2%

The firm has a 50 day moving average of GBX 2,648 and a 200 day moving average of GBX 2,551.93. The firm has a market cap of £8.19 billion, a price-to-earnings ratio of 4.55, a PEG ratio of 0.35 and a beta of 0.74. The company has a quick ratio of 1.29, a current ratio of 2.77 and a debt-to-equity ratio of 46.28.

Smiths Group (LON:SMIN - Get Free Report) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. As a group, sell-side analysts predict that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Richard Howes bought 67 shares of the business'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, with a total value of £1,780.86. Also, insider Laurence Mulliez purchased 702 shares of Smiths Group stock in a transaction on Monday, September 28th. The stock was bought at an average price of GBX 2,831 per share, with a total value of £19,873.62. 0.86% of the stock is owned by insiders.

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.

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