Smiths Group plc (LON:SMIN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,538.11 and traded as high as GBX 2,605. Smiths Group shares last traded at GBX 2,583, with a volume of 25,106,332 shares.
Analysts Set New Price Targets
SMIN has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 2,750 price objective on shares of Smiths Group in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Berenberg Bank reiterated a "buy" rating and issued a GBX 3,000 price target on shares of Smiths Group in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,500 price target 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 given a Hold rating to the company. Based on data from MarketBeat.com, Smiths Group has an average rating of "Moderate Buy" and a consensus target price of GBX 2,876.67.
Read Our Latest Stock Analysis on SMIN
Smiths Group Price Performance
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 business's 50-day moving average price is GBX 2,595.94 and its two-hundred day moving average price is GBX 2,538.11. The firm has a market cap of £7.62 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 0.35 and a beta of 0.73.
Insider Activity at Smiths Group
In other news, insider Richard Howes purchased 67 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of GBX 2,658 per share, for a total transaction of £1,780.86. Insiders own 0.85% of the company's stock.
About Smiths Group
(
Get Free Report)
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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