Smiths Group (LON:SMIN) Stock Crosses Above 200-Day Moving Average of $1,702.34

Smiths Group plc (LON:SMIN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,702.34 ($22.49) and traded as high as GBX 1,824 ($24.10). Smiths Group shares last traded at GBX 1,824 ($24.10), with a volume of 862,763 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank started coverage on shares of Smiths Group in a research note on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($24.44) price target for the company.

Smiths Group Stock Performance

The firm has a market cap of £6.25 billion, a P/E ratio of 2,763.64, a PEG ratio of 0.35 and a beta of 0.66. The company has a current ratio of 1.91, a quick ratio of 1.29 and a debt-to-equity ratio of 32.22. The company’s 50-day moving average is GBX 1,761.63 and its two-hundred day moving average is GBX 1,702.34.

Insider Transactions at Smiths Group

In related news, insider Karin Hoeing bought 317 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of GBX 1,778 ($23.49) per share, with a total value of £5,636.26 ($7,445.52). Company insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.