Shares of Smith & Nephew PLC (NYSE:SNN) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

SNN has been the topic of several analyst reports. Zacks Investment Research raised Smith & Nephew PLC from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. Deutsche Bank AG reissued a “hold” rating on shares of Smith & Nephew PLC in a research report on Wednesday, October 26th. Barclays PLC cut Smith & Nephew PLC from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, August 10th. Beaufort Securities reissued a “hold” rating on shares of Smith & Nephew PLC in a research report on Wednesday, August 10th. Finally, Berenberg Bank cut Smith & Nephew PLC from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th.

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Several hedge funds have recently modified their holdings of SNN. Smithfield Trust Co. raised its stake in shares of Smith & Nephew PLC by 1.1% in the second quarter. Smithfield Trust Co. now owns 3,660 shares of the company’s stock valued at $125,000 after buying an additional 40 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Smith & Nephew PLC by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 5,892 shares of the company’s stock valued at $202,000 after buying an additional 158 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Smith & Nephew PLC during the second quarter valued at about $203,000. Toronto Dominion Bank raised its stake in shares of Smith & Nephew PLC by 0.8% in the second quarter. Toronto Dominion Bank now owns 6,912 shares of the company’s stock valued at $239,000 after buying an additional 55 shares during the last quarter. Finally, Financial Counselors Inc. raised its stake in shares of Smith & Nephew PLC by 8.7% in the second quarter. Financial Counselors Inc. now owns 7,645 shares of the company’s stock valued at $262,000 after buying an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 5.99% of the company’s stock.

Shares of Smith & Nephew PLC (NYSE:SNN) opened at 28.47 on Monday. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 35.86 and a beta of 0.81. Smith & Nephew PLC has a 12-month low of $26.97 and a 12-month high of $36.11. The stock’s 50 day moving average price is $28.98 and its 200 day moving average price is $32.37.

Smith & Nephew PLC Company Profile

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.

5 Day Chart for NYSE:SNN

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