Smith & Nephew PLC (NYSE:SNN) shares gapped up before the market opened on Friday . The stock had previously closed at $32.04, but opened at $32.70. Smith & Nephew PLC shares last traded at $33.48, with a volume of 242,145 shares trading hands.

Several research analysts have recently issued reports on the stock. Beaufort Securities restated a “hold” rating on shares of Smith & Nephew PLC in a report on Wednesday, August 10th. Zacks Investment Research cut shares of Smith & Nephew PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Jefferies Group upgraded shares of Smith & Nephew PLC from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Finally, Barclays PLC cut shares of Smith & Nephew PLC from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.00.

The company’s 50-day moving average is $33.61 and its 200 day moving average is $33.57. The stock has a market capitalization of $14.96 billion and a price-to-earnings ratio of 42.15.

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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