Shares of Smith & Nephew PLC (NYSE:SNN) saw unusually-strong trading volume on Wednesday . Approximately 426,825 shares traded 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.

A number of analysts have recently weighed in on SNN shares. Zacks Investment Research upgraded Smith & Nephew PLC from a “sell” rating to a “hold” rating in a research report on Thursday, April 7th. Jefferies Group upgraded Smith & Nephew PLC from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Smith & Nephew PLC in a research report on Monday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

The stock has a market capitalization of $15.36 billion and a price-to-earnings ratio of 37.66. The stock has a 50-day moving average price of $33.93 and a 200 day moving average price of $33.42.

A number of hedge funds have recently added to or reduced their stakes in SNN. US Bancorp DE increased its stake in Smith & Nephew PLC by 37.6% in the fourth quarter. US Bancorp DE now owns 253,952 shares of the company’s stock worth $9,041,000 after buying an additional 69,437 shares in the last quarter. TD Asset Management Inc. raised 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 worth $5,566,000 after buying an additional 36,466 shares during the last quarter. Wells Fargo & Company MN raised 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 worth $13,556,000 after buying an additional 15,869 shares during the last quarter. Dimensional Fund Advisors LP raised 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 worth $9,072,000 after buying an additional 15,270 shares during the last quarter. Finally, Sei Investments Co. raised its position in Smith & Nephew PLC by 2.1% in the fourth quarter. Sei Investments Co. now owns 39,456 shares of the company’s stock worth $1,405,000 after buying an additional 821 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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