Smiths Group (LON:SMIN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Smiths Group plc (LON:SMIN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,347.79 and traded as high as GBX 2,362. Smiths Group shares last traded at GBX 2,352, with a volume of 38,639,641 shares.

Analysts Set New Price Targets

Several research firms have weighed in on SMIN. JPMorgan Chase & Co. boosted their price target on Smiths Group from GBX 2,820 to GBX 2,950 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,750 target price on shares of Smiths Group in a research report on Friday, November 28th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 2,870 price target on shares of Smiths Group in a report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Smiths Group has an average rating of “Moderate Buy” and a consensus price target of GBX 2,856.67.

Read Our Latest Stock Analysis on SMIN

Smiths Group Stock Down 0.9%

The stock has a market cap of £7.51 billion, a PE ratio of 27.32, a P/E/G ratio of 0.35 and a beta of 0.66. The business has a 50 day moving average price of GBX 2,443.12 and a 200 day moving average price of GBX 2,350.47. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55.

Smiths Group (LON:SMIN – Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 85.70 EPS for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. Equities research analysts expect 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 stock buyback program on Wednesday, November 19th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Smiths Group

In other Smiths Group news, insider Julian Fagge sold 26,199 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total transaction of £634,277.79. Also, insider Roland Carter sold 29,313 shares of Smiths Group stock in a transaction dated Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total transaction of £709,667.73. 0.78% of the stock is owned by company insiders.

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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