Smiths Group (LON:SMIN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Smiths Group plc (LON:SMIN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,483.03 and traded as high as GBX 2,520. Smiths Group shares last traded at GBX 2,510, with a volume of 34,005,418 shares.

Analysts Set New Price Targets

SMIN has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. reduced their price objective on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 3,000 price objective on shares of Smiths Group in a research report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,128.33.

Smiths Group Stock Up 0.7%

The firm’s fifty day moving average price is GBX 2,489.61 and its 200-day moving average price is GBX 2,483.79. 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 capitalization of £7.47 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 0.35 and a beta of 0.73.

Smiths Group (LON:SMIN) last posted its earnings results on Friday, March 20th. The company reported GBX 62 EPS for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. Sell-side analysts expect that Smiths Group plc will post 85.1295337 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Smiths Group news, insider Richard Howes acquired 70 shares of Smiths Group stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce acquired 206 shares of Smiths Group stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of GBX 2,532 per share, for a total transaction of £5,215.92. Insiders have acquired a total of 5,276 shares of company stock valued at $12,038,832 over the last 90 days. 0.81% of the stock is owned by insiders.

Smiths Group Company Profile

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.