Smiths Group (LON:SMIN) Shares Pass Above Two Hundred Day Moving Average of $1,508.29

Share on StockTwits

Shares of Smiths Group plc (LON:SMIN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1,508.29 and traded as high as $1,583.00. Smiths Group shares last traded at $1,572.00, with a volume of 515,224 shares.

A number of equities research analysts have recently weighed in on SMIN shares. Morgan Stanley restated an “equal weight” rating on shares of Smiths Group in a research note on Thursday, July 11th. JPMorgan Chase & Co. raised Smiths Group to an “overweight” rating and lifted their target price for the stock from GBX 1,660 ($21.69) to GBX 1,760 ($23.00) in a report on Wednesday, July 24th. Liberum Capital reaffirmed a “hold” rating on shares of Smiths Group in a report on Friday, June 7th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Smiths Group in a report on Wednesday, July 10th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Smiths Group in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Smiths Group presently has an average rating of “Hold” and a consensus target price of GBX 1,621 ($21.18).

The company has a market capitalization of $6.22 billion and a price-to-earnings ratio of 21.50. The stock has a fifty day simple moving average of GBX 1,591.72 and a 200-day simple moving average of GBX 1,508.29. The company has a debt-to-equity ratio of 65.38, a current ratio of 2.36 and a quick ratio of 1.66.

In related news, insider George Buckley purchased 763 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of GBX 1,641 ($21.44) per share, with a total value of £12,520.83 ($16,360.68).

About Smiths Group (LON:SMIN)

Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.

Read More: What are popular green investing opportunities?

Receive News & Ratings for Smiths Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smiths Group and related companies with MarketBeat.com's FREE daily email newsletter.