Smith & Nephew’s (SN) Sell Rating Reiterated at Deutsche Bank

Deutsche Bank reaffirmed their sell rating on shares of Smith & Nephew (LON:SN) in a report issued on Friday.

Several other research firms have also recently commented on SN. Numis Securities raised their price target on shares of Smith & Nephew from GBX 1,350 ($17.64) to GBX 1,480 ($19.34) and gave the stock an add rating in a report on Thursday, July 26th. UBS Group cut shares of Smith & Nephew to a neutral rating and decreased their price target for the stock from GBX 1,470 ($19.21) to GBX 1,340 ($17.51) in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 1,391.45 ($18.18).

SN stock opened at GBX 1,333.50 ($17.42) on Friday. Smith & Nephew has a 52 week low of GBX 1,173 ($15.33) and a 52 week high of GBX 1,442 ($18.84).

The firm also recently announced a dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Thursday, October 4th will be paid a $0.14 dividend. This represents a yield of 0.77%. The ex-dividend date is Thursday, October 4th.

In other Smith & Nephew news, insider Erik Engstrom bought 249 shares of Smith & Nephew stock in a transaction on Thursday, August 23rd. The stock was purchased at an average cost of GBX 1,380 ($18.03) per share, for a total transaction of £3,436.20 ($4,490.00). Also, insider Graham Baker bought 19 shares of Smith & Nephew stock in a transaction on Thursday, August 2nd. The stock was acquired at an average price of GBX 1,331 ($17.39) per share, with a total value of £252.89 ($330.45).

About Smith & Nephew

Smith & Nephew plc designs, develops, and sells medical devices worldwide. The company offers sports medicine joint repair products for surgeons, including an array of instruments, technologies, and implants necessary to perform minimally invasive surgery of the joints, such as the repair of soft tissue injuries and degenerative conditions of the knee, hip, and shoulder.

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Analyst Recommendations for Smith & Nephew (LON:SN)

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