Shares of Smith & Nephew PLC (NYSE:SNN) saw unusually-strong trading volume on Wednesday . Approximately 426,825 shares changed hands during trading, a decline of 8% from the previous session’s volume of 465,762 shares.The stock last traded at $34.88 and had previously closed at $34.51.

Several research analysts recently weighed in on SNN shares. Zacks Investment Research raised shares of Smith & Nephew PLC from a “sell” rating to a “hold” rating in a research note on Thursday, April 7th. Morgan Stanley reissued an “equal weight” rating on shares of Smith & Nephew PLC in a research note on Monday, April 11th. Finally, Jefferies Group raised shares of Smith & Nephew PLC from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Smith & Nephew PLC currently has an average rating of “Hold” and a consensus price target of $37.00.

The stock’s 50 day moving average price is $33.92 and its 200-day moving average price is $33.41. The firm has a market cap of $15.58 billion and a P/E ratio of 38.20.

Other large investors have made changes to their positions in the company. Sei Investments Co. raised its stake in shares of Smith & Nephew PLC by 2.1% in the fourth quarter. Sei Investments Co. now owns 39,456 shares of the company’s stock valued at $1,405,000 after buying an additional 821 shares in the last quarter. TD Asset Management Inc. increased its position in Smith & Nephew PLC by 31.5% in the fourth quarter. TD Asset Management Inc. now owns 152,063 shares of the company’s stock valued at $5,566,000 after buying an additional 36,466 shares during the last quarter. US Bancorp DE increased its position in Smith & Nephew PLC by 37.6% in the fourth quarter. US Bancorp DE now owns 253,952 shares of the company’s stock valued at $9,041,000 after buying an additional 69,437 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Smith & Nephew PLC by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 254,835 shares of the company’s stock valued at $9,072,000 after buying an additional 15,270 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Smith & Nephew PLC by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 380,789 shares of the company’s stock valued at $13,556,000 after buying an additional 15,869 shares during the last quarter.

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.

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