Trading Report: Today, Smith & Nephew plc (SNN) Given Average Rating of “Hold” by Analysts

Today, Smith & Nephew plc (SNN) Given Average Rating of “Hold” by Analysts

Shares of Smith & Nephew plc (NYSE:SNN) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock. Eight analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Smith & Nephew plc from a “sell” rating to a “hold” rating in a research note on Thursday, October 27th. Deutsche Bank AG reiterated a “hold” rating on shares of Smith & Nephew plc in a research note on Wednesday, October 26th. Barclays PLC lowered shares of Smith & Nephew plc from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Beaufort Securities reiterated a “hold” rating on shares of Smith & Nephew plc in a research note on Wednesday, August 10th. Finally, Berenberg Bank lowered shares of Smith & Nephew plc from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th.

A number of hedge funds and other institutional investors have recently bought and sold shares of SNN. Highbridge Capital Management LLC increased its stake in shares of Smith & Nephew plc by 213.2% in the third quarter. Highbridge Capital Management LLC now owns 882,912 shares of the company’s stock valued at $28,942,000 after buying an additional 600,988 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Smith & Nephew plc by 31,780.9% in the second quarter. Glenmede Trust Co. NA now owns 366,311 shares of the company’s stock valued at $12,570,000 after buying an additional 365,162 shares during the last quarter. Blue Jay Capital Management LLC purchased a new stake in shares of Smith & Nephew plc during the third quarter valued at $10,654,000. Cambiar Investors LLC increased its stake in shares of Smith & Nephew plc by 7.2% in the second quarter. Cambiar Investors LLC now owns 4,692,137 shares of the company’s stock valued at $161,034,000 after buying an additional 316,346 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Smith & Nephew plc by 43.2% in the second quarter. US Bancorp DE now owns 503,300 shares of the company’s stock valued at $17,273,000 after buying an additional 151,740 shares during the last quarter. Institutional investors own 5.99% of the company’s stock.

Smith & Nephew plc (NYSE:SNN) traded up 0.2832% during midday trading on Monday, hitting $28.2899. 345,193 shares of the stock traded hands. The company has a market cap of $12.65 billion, a P/E ratio of 35.6296 and a beta of 0.81. Smith & Nephew plc has a one year low of $26.97 and a one year high of $36.11. The company’s 50 day moving average is $29.15 and its 200-day moving average is $32.47.

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