JPMorgan Chase & Co. Reiterates Neutral Rating for Smith & Nephew plc (SNN)
Smith & Nephew plc (NYSE:SNN) traded up 0.10% on Monday, hitting $89.50. 138,154 shares of the company’s stock traded hands. Smith & Nephew plc has a 52 week low of $57.99 and a 52 week high of $100.90. The stock’s 50-day moving average is $89.2 and its 200-day moving average is $80.81. The company has a market cap of $16.003 billion and a P/E ratio of 30.78.
Smith & Nephew plc (NYSE:SNN) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.08. Analysts expect that Smith & Nephew plc will post $4.14 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SNN. Analysts at Jefferies Group reiterated a “buy” rating on shares of Smith & Nephew plc in a research note on Monday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Smith & Nephew plc in a research note on Monday. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Smith & Nephew plc in a research note on Monday. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Smith & Nephew plc currently has a consensus rating of “Buy” and an average target price of $97.00.
Smith & Nephew plc is a global medical devices business operating in the markets for orthopaedic reconstruction and trauma, endoscopy (NYSE:SNN) and advanced wound management.
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