Smiths Group (LON:SMIN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

Smiths Group plc (LON:SMIN – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,325.40 and traded as high as GBX 2,440.44. Smiths Group shares last traded at GBX 2,438, with a volume of 923,563 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Smiths Group in a research note on Friday, October 17th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,870 target price on shares of Smiths Group in a report on Thursday, November 20th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 2,750 price target on shares of Smiths Group in a report on Friday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,810.

Check Out Our Latest Analysis on SMIN

Smiths Group Trading Up 0.2%

The business’s 50 day moving average price is GBX 2,432.04 and its 200-day moving average price is GBX 2,328.42. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55. The company has a market cap of £7.92 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN – Get Free Report) last announced its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 85.70 EPS for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. On average, equities analysts anticipate that Smiths Group plc will post 85.1295337 EPS for the current fiscal year.

Smiths Group declared that its Board of Directors has authorized a share buyback program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Smiths Group

In related news, insider Julian Fagge sold 26,199 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of GBX 2,421, for a total value of £634,277.79. Also, insider Roland Carter sold 29,313 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total value of £709,667.73. Insiders own 0.78% of the company’s stock.

About Smiths Group

(Get Free Report)

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.

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