Smiths Group (LON:SMIN) Stock Price Crosses Above Two Hundred Day Moving Average of $1,702.34

Smiths Group plc (LON:SMIN) 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 trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank initiated 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) target price on the stock.

Smiths Group Stock Down 1.5 %

The company has a quick ratio of 1.29, a current ratio of 1.91 and a debt-to-equity ratio of 32.22. The firm has a market capitalization of £6.15 billion, a PE ratio of 2,721.21, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The business has a 50-day moving average price of GBX 1,763.10 and a 200-day moving average price of GBX 1,703.

Insider Transactions at Smiths Group

In related news, insider Karin Hoeing bought 317 shares of the stock in a transaction on Thursday, August 1st. The stock was 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.

About Smiths Group

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.