Smiths Group (LON:SMIN) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Smiths Group plc (LON:SMIN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,485.76 and traded as high as GBX 2,529. Smiths Group shares last traded at GBX 2,504, with a volume of 714,489 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SMIN. Citigroup lifted their price target on Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. dropped their target price on Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating for the company in a research report on Monday, March 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,158.

Smiths Group Trading Up 0.4%

The company has a market capitalization of £7.50 billion, a P/E ratio of 32.30, a P/E/G ratio of 0.35 and a beta of 0.73. The stock’s 50 day moving average is GBX 2,450.89 and its 200-day moving average is GBX 2,485.03. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29.

Smiths Group (LON:SMIN) last released 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, equities research analysts anticipate that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Alister Cowan bought 5,000 shares of the firm’s stock in a transaction on Sunday, March 22nd. The stock was acquired at an average price of GBX 2,268 per share, with a total value of £113,400. Also, insider Richard Howes bought 70 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of GBX 2,532 per share, with a total value of £1,772.40. Over the last quarter, insiders acquired 5,276 shares of company stock valued at $12,038,832. Corporate insiders own 0.81% of the company’s stock.

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.