Smiths Group (LON:SMIN) Stock Price Crosses Above Two Hundred Day Moving Average of $1,521.41
Smiths Group plc (LON:SMIN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1,521.41 and traded as high as $1,688.50. Smiths Group shares last traded at $1,683.50, with a volume of 981,046 shares.
Several equities analysts recently weighed in on the stock. Liberum Capital restated a “hold” rating and set a GBX 1,700 ($22.21) price target on shares of Smiths Group in a research report on Friday, August 30th. Credit Suisse Group reissued an “outperform” rating on shares of Smiths Group in a report on Wednesday, July 3rd. Goldman Sachs Group raised shares of Smiths Group to a “buy” rating and set a GBX 1,850 ($24.17) price target for the company in a report on Thursday, August 29th. Morgan Stanley reissued an “equal weight” rating on shares of Smiths Group in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. upgraded shares of Smiths Group to an “overweight” rating and upped their target price for the stock from GBX 1,660 ($21.69) to GBX 1,760 ($23.00) in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Smiths Group has an average rating of “Hold” and an average price target of GBX 1,650 ($21.56).
The firm has a market cap of $6.67 billion and a PE ratio of 23.03. The company has a quick ratio of 1.66, a current ratio of 2.36 and a debt-to-equity ratio of 65.38. The firm’s fifty day simple moving average is GBX 1,599.64 and its two-hundred day simple moving average is GBX 1,521.41.
Smiths Group Company Profile (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.
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