Smith & Nephew (SN) PT Raised to GBX 1,290 at Credit Suisse Group
Smith & Nephew (LON:SN) had its price target hoisted by Credit Suisse Group from GBX 1,285 ($18.02) to GBX 1,290 ($18.09) in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 5.13% from the company’s previous close.
A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,411 ($19.78) price target on shares of Smith & Nephew in a report on Wednesday. Berenberg Bank reissued a “hold” rating and issued a GBX 1,340 ($18.79) price target on shares of Smith & Nephew in a report on Friday, November 3rd. Jefferies Group reissued a “buy” rating and issued a GBX 1,515 ($21.24) price target on shares of Smith & Nephew in a report on Monday, November 6th. Deutsche Bank increased their price target on shares of Smith & Nephew from GBX 1,200 ($16.83) to GBX 1,315 ($18.44) and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Citigroup reissued a “sell” rating and issued a GBX 1,160 ($16.26) price target on shares of Smith & Nephew in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Smith & Nephew currently has a consensus rating of “Hold” and an average target price of GBX 1,322.50 ($18.54).
Shares of Smith & Nephew (LON:SN) opened at GBX 1,227 ($17.20) on Friday. Smith & Nephew has a 1-year low of GBX 1,143 ($16.03) and a 1-year high of GBX 1,442 ($20.22). The firm has a market cap of $10,720.00 and a price-to-earnings ratio of 1,947.62.
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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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