Smiths Group (LON:SMIN) Stock Crosses Below 50 Day Moving Average – What’s Next?

Smiths Group plc (LON:SMIN) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 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 trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SMIN shares. JPMorgan Chase & Co. upped their target price 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 boosted their price target on Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Smiths Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,910.

Smiths Group Stock Performance

The stock’s 50-day moving average is GBX 2,672.19 and its 200-day moving average is GBX 2,575.05. The firm has a market capitalization of £7.25 billion, a price-to-earnings ratio of 4.14, a PEG ratio of 0.35 and a beta of 0.74. 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 issued its earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. On average, analysts predict that Smiths Group plc will post 85.13 EPS for the current fiscal year.

Insider Activity at Smiths Group

In other news, insider Simon Pryce acquired 192 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of GBX 2,709 per share, with a total value of £5,201.28. Also, insider Richard Howes acquired 65 shares of Smiths Group stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average price of GBX 2,709 per share, for a total transaction of £1,760.85. Insiders have purchased a total of 959 shares of company stock valued at $2,683,575 over the last three months. 0.81% of the stock is currently owned by corporate 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.