Smith & Nephew plc Stock Rating Lowered by Beaufort Securities (SNN)
Shares of Smith & Nephew plc (NYSE:SNN) traded up 0.10% during mid-day trading on Monday, hitting $89.50. The stock had a trading volume of 138,154 shares. 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 Investec downgraded shares of Smith & Nephew plc to a “buy” rating in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Smith & Nephew plc in a research note on Monday, July 21st. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Smith & Nephew plc in a research note on Friday, July 18th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.