Smith & Nephew plc Receives Hold Rating from Berenberg Bank (SN)
Smith & Nephew plc (LON:SN)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a report issued on Wednesday. They currently have a GBX 920 ($15.42) target price on the stock. Berenberg Bank’s target price indicates a potential downside of 13.53% from the company’s current price.
A number of other firms have also recently commented on SN. Analysts at Barclays reiterated an “equal weight” rating on shares of Smith & Nephew plc in a research note on Monday. They now have a GBX 780 ($13.08) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Smith & Nephew plc in a research note on Monday. They now have a GBX 1,000 ($16.76) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Smith & Nephew plc in a research note on Thursday, May 29th. They now have a GBX 1,125 ($18.86) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 932.76 ($15.64).
Smith & Nephew plc (LON:SN) traded up 3.30% on Wednesday, hitting GBX 1064.00. The stock had a trading volume of 5,079,043 shares. Smith & Nephew plc has a 52 week low of GBX 720.00 and a 52 week high of GBX 1120.00. The stock’s 50-day moving average is GBX 931.7 and its 200-day moving average is GBX 898.0. The company’s market cap is £9.502 billion.
Smith & Nephew plc is a global medical devices business operating in the markets for orthopaedic reconstruction and trauma, endoscopy (LON:SN) and advanced wound management.