Smiths Group (LON:SMIN) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Smiths Group plc (LON:SMIN)’s stock price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 2,672.19 and traded as low as GBX 2,595. Smiths Group shares last traded at GBX 2,615, with a volume of 77,848,422 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SMIN. JPMorgan Chase & Co. upped their price objective on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Berenberg Bank increased their target price on Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Smiths Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,910.

Smiths Group Price Performance

The company has a market capitalization of £7.03 billion, a P/E ratio of 4.11, a P/E/G ratio of 0.35 and a beta of 0.74. The business’s 50-day simple moving average is GBX 2,671.13 and its 200 day simple moving average is GBX 2,575.07. The company has a current ratio of 2.77, a quick ratio of 1.29 and a debt-to-equity ratio of 46.28.

Smiths Group (LON:SMIN) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. As a group, sell-side analysts anticipate that Smiths Group plc will post 85.13 EPS for the current year.

Insider Transactions at Smiths Group

In other news, insider Simon Pryce purchased 192 shares of the stock in a transaction dated Monday, November 2nd. The shares were bought at an average cost of GBX 2,709 per share, for a total transaction of £5,201.28. Also, insider Laurence Mulliez purchased 702 shares of the stock in a transaction dated Monday, September 28th. The shares were purchased at an average price of GBX 2,831 per share, for a total transaction of £19,873.62. Over the last ninety days, insiders have bought 959 shares of company stock valued at $2,683,575. 0.93% of the stock is currently owned by company insiders.

Smiths Group Company Profile

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.