Smiths Group (LON:SMIN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Smiths Group shares rose above their 200-day moving average, trading as high as GBX 2,608 and closing at GBX 2,601, up 1.3%.
• Analyst sentiment is broadly positive, with four Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of GBX 2,876.67.
• The company has a £7.48 billion market capitalization and reported a recent insider purchase, although the shares trade at a relatively high price-to-earnings ratio of 33.87.

Smiths Group plc (LON:SMIN - Get Free Report)'s share price passed 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 traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group restated a "hold" rating and issued a GBX 2,750 target price on shares of Smiths Group in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased their price target on shares of 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 reissued a "sector perform" rating and issued a GBX 2,500 price target on shares of Smiths Group in a report on Wednesday, July 1st. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 3,000 price objective on shares of Smiths Group in a research report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 2,876.67.

Smiths Group Trading Up 1.3%

The firm has a market cap of £7.48 billion, a PE ratio of 33.87, a PEG ratio of 0.35 and a beta of 0.74. The firm has a fifty day simple moving average of GBX 2,600.42 and a two-hundred day simple moving average of GBX 2,538.57. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19.

Insider Buying and Selling

In other Smiths Group news, insider Richard Howes purchased 67 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was bought 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.