Smith & Nephew (NYSE:SNN) Receives Buy Rating from Berenberg Bank

Smith & Nephew (NYSE:SNN)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a note issued to investors on Tuesday, The Fly reports.

SNN has been the subject of several other reports. Zacks Investment Research upgraded shares of Smith & Nephew from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 27th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Smith & Nephew in a report on Monday, February 22nd. Barclays reaffirmed an “overweight” rating on shares of Smith & Nephew in a report on Friday. Canaccord Genuity increased their price target on Smith & Nephew from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Finally, Commerzbank lowered Smith & Nephew from a “buy” rating to a “hold” rating in a research note on Monday, February 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $47.83.

Shares of NYSE:SNN traded down $1.26 during midday trading on Tuesday, hitting $42.24. 28,842 shares of the stock were exchanged, compared to its average volume of 484,845. The business’s 50-day moving average price is $39.28 and its 200 day moving average price is $40.46. Smith & Nephew has a 12 month low of $34.29 and a 12 month high of $46.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.04 and a current ratio of 2.18. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 4.91 and a beta of 0.70.

Institutional investors have recently bought and sold shares of the business. JJJ Advisors Inc. grew its position in shares of Smith & Nephew by 83.0% during the 4th quarter. JJJ Advisors Inc. now owns 666 shares of the medical equipment provider’s stock worth $28,000 after buying an additional 302 shares during the period. Arkadios Wealth Advisors grew its holdings in Smith & Nephew by 1,622.0% in the first quarter. Arkadios Wealth Advisors now owns 706 shares of the medical equipment provider’s stock worth $26,000 after purchasing an additional 665 shares during the period. Simon Quick Advisors LLC bought a new stake in Smith & Nephew in the fourth quarter valued at $32,000. International Assets Investment Management LLC acquired a new position in shares of Smith & Nephew during the fourth quarter valued at about $46,000. Finally, Inspire Advisors LLC bought a new position in shares of Smith & Nephew during the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 8.91% of the company’s stock.

Smith & Nephew Company Profile

Smith & Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices worldwide. The company offers knee implant products for knee replacement procedures; hip implants for the reconstruction of hip joints; and trauma and extremities products that include internal and external devices used in the stabilization of severe fractures and deformity correction procedures.

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The Fly

Analyst Recommendations for Smith & Nephew (NYSE:SNN)

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