Smith & Nephew plc (LON:SN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,147.68 ($15.56) and traded as high as GBX 1,379.50 ($18.70). Smith & Nephew shares last traded at GBX 1,371 ($18.58), with a volume of 2,589,963 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Berenberg Bank upped their price objective on Smith & Nephew from GBX 1,100 to GBX 1,300 and gave the company a "hold" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on Smith & Nephew from GBX 1,357 to GBX 1,438 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Smith & Nephew from GBX 1,300 to GBX 1,400 and gave the company a "hold" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of GBX 1,379.33.
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Smith & Nephew Price Performance
The company has a current ratio of 2.51, a quick ratio of 0.84 and a debt-to-equity ratio of 70.22. The business has a 50-day moving average price of GBX 1,293.27 and a 200 day moving average price of GBX 1,147.68. The stock has a market cap of £15.03 billion, a PE ratio of 49.36, a PEG ratio of 0.46 and a beta of 0.62.
Insider Buying and Selling at Smith & Nephew
In related news, insider Katarzyna Mazur Hofsaess acquired 541 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of GBX 1,385 per share, with a total value of £7,492.85. Also, insider Jeremy (Jez) Maiden acquired 353 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of GBX 1,378 per share, for a total transaction of £4,864.34. Insiders have bought a total of 4,811 shares of company stock worth $12,947,701 in the last three months. 0.19% of the stock is currently owned by corporate insiders.
Smith & Nephew Company Profile
(
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Smith & Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices and services in the United Kingdom and internationally. It operates through three segments: Orthopaedics, Sports Medicine & ENT, and Advanced Wound Management. The company offers knee implant products for knee replacement procedures; hip implants for revision procedures; trauma and extremities products that include internal and external devices used in the stabilization of severe fractures and deformity correction procedures; and other reconstruction products.
Further Reading
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