Shares of Smith & Nephew PLC (NYSE:SNN) gapped up prior to trading on Thursday . The stock had previously closed at $33.24, but opened at $33.28. Smith & Nephew PLC shares last traded at $33.71, with a volume of 136,408 shares traded.

A number of analysts have recently issued reports on SNN shares. Zacks Investment Research lowered shares of Smith & Nephew PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Beaufort Securities reaffirmed a “hold” rating on shares of Smith & Nephew PLC in a research report on Wednesday. Jefferies Group raised shares of Smith & Nephew PLC from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Finally, Barclays PLC lowered shares of Smith & Nephew PLC from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Smith & Nephew PLC has an average rating of “Hold” and an average target price of $37.00.

The firm has a market cap of $15.05 billion and a PE ratio of 42.39. The firm has a 50 day moving average price of $33.91 and a 200-day moving average price of $33.48.

An institutional investor recently raised its position in Smith & Nephew PLC stock. Dimensional Fund Advisors LP increased its stake in Smith & Nephew PLC (NYSE:SNN) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,835 shares of the company’s stock after buying an additional 15,270 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Smith & Nephew PLC worth $9,072,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.