Smith & Nephew plc Upgraded to Buy at Deutsche Bank (SN)
Smith & Nephew plc (LON:SN) was upgraded by investment analysts at Deutsche Bank to a “buy” rating in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a GBX 1,125 ($18.46) price objective on the stock, up from their previous price objective of GBX 650 ($10.66). Deutsche Bank’s target price points to a potential upside of 21.23% from the stock’s previous close.
SN has been the subject of a number of other recent research reports. Analysts at Beaufort Securities upgraded shares of Smith & Nephew plc to a “buy” rating in a research note on Friday, February 7th. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Smith & Nephew plc in a research note on Thursday, February 6th. They now have a GBX 865 ($14.19) price target on the stock, up previously from GBX 810 ($13.29). Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Smith & Nephew plc in a research note on Thursday, February 6th. They now have a GBX 904 ($14.83) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 884.38 ($14.51).
Shares of Smith & Nephew plc (LON:SN) traded up 0.22% on Wednesday, hitting GBX 930.50. The stock had a trading volume of 3,099,291 shares. Smith & Nephew plc has a one year low of GBX 692.592 and a one year high of GBX 920.00. The stock has a 50-day moving average of GBX 877.5 and a 200-day moving average of GBX 814.9. The company’s market cap is £8.328 billion.
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