Trade Report: Today, Smith & Nephew plc (SN) Price Target Cut to GBX 1,310

Today, Smith & Nephew plc (SN) Price Target Cut to GBX 1,310

Smith & Nephew plc (LON:SN) had its price objective reduced by research analysts at Goldman Sachs Group Inc. from GBX 1,370 ($17.00) to GBX 1,310 ($16.25) in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 18.55% from the stock’s current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Smith & Nephew plc from GBX 1,196 ($14.84) to GBX 1,199 ($14.87) and gave the stock a “neutral” rating in a research report on Friday, July 29th. BNP Paribas restated an “outperform” rating and set a GBX 1,425 ($17.68) target price on shares of Smith & Nephew plc in a research report on Friday, July 29th. Barclays PLC lowered shares of Smith & Nephew plc to an “equal weight” rating and upped their target price for the stock from GBX 1,230 ($15.26) to GBX 1,240 ($15.38) in a research report on Wednesday, August 10th. Beaufort Securities restated a “hold” rating on shares of Smith & Nephew plc in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 1,285 ($15.94) price target on shares of Smith & Nephew plc in a research report on Friday, July 29th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Smith & Nephew plc presently has an average rating of “Hold” and a consensus price target of GBX 1,285.54 ($15.95).

Shares of Smith & Nephew plc (LON:SN) opened at 1117.00 on Friday. Smith & Nephew plc has a 12-month low of GBX 1,040.36 and a 12-month high of GBX 1,324.00. The firm’s market cap is GBX 9.99 billion. The company has a 50-day moving average of GBX 1,158.31 and a 200 day moving average of GBX 1,209.78.

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