Smith & Nephew PLC (NYSE:SNN) saw an uptick in trading volume on Tuesday . 537,030 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 467,470 shares.The stock last traded at $33.43 and had previously closed at $33.18.

A number of research firms have issued reports on SNN. Zacks Investment Research downgraded Smith & Nephew PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Morgan Stanley reissued an “equal weight” rating on shares of Smith & Nephew PLC in a research report on Monday, April 11th. Finally, Jefferies Group upgraded Smith & Nephew PLC from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.00.

The stock’s 50 day moving average is $33.86 and its 200-day moving average is $33.43. The firm has a market capitalization of $14.97 billion and a P/E ratio of 42.17.

Other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted 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 valued at $1,405,000 after buying an additional 821 shares during the last quarter. US Bancorp DE boosted 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 boosted 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 boosted 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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