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

Smiths Group plc (LON:SMIN - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,485.37 and traded as high as GBX 2,516. Smiths Group shares last traded at GBX 2,475, with a volume of 1,016,313 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an "overweight" rating for the company in a research note on Monday, March 23rd. Citigroup raised their price objective on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an "overweight" rating in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada raised their price objective on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a "buy" rating in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Smiths Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,158.

Smiths Group Stock Down 1.9%

The business's 50 day moving average is GBX 2,482.69 and its 200-day moving average is GBX 2,485.37. 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 company has a market cap of £7.48 billion, a PE ratio of 32.23, a P/E/G ratio of 0.35 and a beta of 0.73.

Smiths Group (LON:SMIN - Get Free Report) last issued its quarterly earnings results on Friday, March 20th. The company reported GBX 62 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. As a group, analysts predict that Smiths Group plc will post 85.1295337 EPS for the current year.

Insider Buying and Selling at Smiths Group

In other news, insider Simon Pryce acquired 206 shares of the company's stock in a transaction on Friday, May 1st. The shares were bought at an average cost of GBX 2,532 per share, with a total value of £5,215.92. Also, insider Richard Howes acquired 70 shares of the company's stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of GBX 2,532 per share, for a total transaction of £1,772.40. In the last three months, insiders have bought 5,276 shares of company stock valued at $12,038,832. 0.81% of the stock is owned by company insiders.

About Smiths Group

Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.

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