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

Smiths Group plc (LON:SMIN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,364.39 and traded as low as GBX 2,360. Smiths Group shares last traded at GBX 2,366, with a volume of 361,444 shares changing hands.

Wall Street Analysts Forecast Growth

SMIN has been the subject of a number of research reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,750 price objective on shares of Smiths Group in a report on Friday, November 28th. JPMorgan Chase & Co. raised their price target on shares of Smiths Group from GBX 2,820 to GBX 2,950 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,870 price target on shares of Smiths Group in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,856.67.

Smiths Group Stock Performance

The stock has a 50 day moving average of GBX 2,438.17 and a 200 day moving average of GBX 2,364.39. The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07. The stock has a market capitalization of £7.63 billion, a P/E ratio of 27.74, a P/E/G ratio of 0.35 and a beta of 0.66.

Smiths Group announced that its board has initiated a share buyback plan on Wednesday, November 19th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Richard Howes acquired 70 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of GBX 2,522 per share, for a total transaction of £1,765.40. Also, insider Karin Hoeing bought 224 shares of the stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of GBX 2,522 per share, for a total transaction of £5,649.28. 0.78% of the stock is owned by insiders.

About Smiths Group

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. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.