Canaccord Genuity Reiterates “Buy” Rating for Smith & Nephew (SNN)
Smith & Nephew (NYSE:SNN)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a report issued on Friday. They presently have a $45.00 price target on the medical equipment provider’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 30.13% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on SNN. Zacks Investment Research cut Smith & Nephew from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Morgan Stanley cut Smith & Nephew from an “overweight” rating to an “equal weight” rating in a report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $44.00.
Smith & Nephew (SNN) traded down $0.25 during trading on Friday, reaching $34.58. The company’s stock had a trading volume of 336,800 shares, compared to its average volume of 604,033. The company has a quick ratio of 1.08, a current ratio of 2.18 and a debt-to-equity ratio of 0.38. Smith & Nephew has a one year low of $29.76 and a one year high of $40.43.
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About Smith & Nephew
Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. Its products and services include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices.
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