Berenberg Bank cut shares of Smith & Nephew PLC (NYSE:SNN) from a buy rating to a hold rating in a report issued on Thursday.

SNN has been the subject of a number of other reports. Zacks Investment Research raised shares of Smith & Nephew PLC from a sell rating to a hold rating in a research report on Tuesday. Beaufort Securities reaffirmed a hold rating on shares of Smith & Nephew PLC in a research report on Wednesday, August 10th. Finally, Barclays PLC cut shares of Smith & Nephew PLC from an overweight rating to an equal weight rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $37.00.

Analyst Recommendations for Smith & Nephew PLC (NYSE:SNN)

Smith & Nephew PLC (NYSE:SNN) traded down 0.57% during mid-day trading on Thursday, reaching $31.23. The company’s stock had a trading volume of 233,136 shares. The stock’s 50 day moving average price is $32.94 and its 200 day moving average price is $33.59. Smith & Nephew PLC has a 1-year low of $30.23 and a 1-year high of $36.11. The stock has a market capitalization of $13.96 billion, a P/E ratio of 39.33 and a beta of 0.68.

The business also recently declared a dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be issued a $0.236 dividend. The ex-dividend date is Wednesday, October 5th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co. boosted its position in Smith & Nephew PLC by 1.1% in the second quarter. Smithfield Trust Co. now owns 3,660 shares of the company’s stock valued at $125,000 after buying an additional 40 shares during the period. Checchi Capital Advisers LLC boosted its position in Smith & Nephew PLC by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 5,892 shares of the company’s stock valued at $202,000 after buying an additional 158 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Smith & Nephew PLC during the second quarter valued at $203,000. Toronto Dominion Bank boosted its position in Smith & Nephew PLC by 0.8% in the second quarter. Toronto Dominion Bank now owns 6,912 shares of the company’s stock valued at $239,000 after buying an additional 55 shares during the period. Finally, Financial Counselors Inc. boosted its position in Smith & Nephew PLC by 8.7% in the second quarter. Financial Counselors Inc. now owns 7,645 shares of the company’s stock valued at $262,000 after buying an additional 611 shares during the period. Institutional investors own 5.87% of the company’s stock.

About Smith & Nephew PLC

Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. The Company offers various product franchises, which include Knee implants, Hip implants, Sports Medicine Joint Repair, Arthroscopy Enabling Technologies, Trauma and Extremities, Other Surgical Businesses, Advanced Wound Care, Advanced Wound Devices and Advanced Wound Bioactives.

5 Day Chart for NYSE:SNN

Receive News & Stock Ratings for Smith & Nephew PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith & Nephew PLC and related stocks with our FREE daily email newsletter.