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Berenberg announced Smith Nephew PLC (LON:SN), dropping its stock price target to 1,340.00GBX today

In a report released on Thursday October 06, 2016 Berenberg reduced the stock price target of Smith Nephew PLC (LON:SN) from 1,485.00GBX to 1,340.00GBX reporting a possible upside of 0.05%.

Previously on 9/19/2016, Cantor Fitzgerald released a statement about Smith Nephew PLC (LON:SN) increased the target price from 1,100.00GBX to 1,144.00GBX. At the time, this indicated a possible downside of -0.08%.

Just yesterday Smith Nephew PLC (LON:SN) traded 1.55% higher at 1,270.50GBX. Smith Nephew PLC’s 50-day moving average is 1,239.11GBX and its 200-day moving average is 1,208.89GBX. The last stock price is up 2.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,498,810 shares of SN traded hands, up from an average trading volume of 2,794,720

Recent Performance Chart

Smith Nephew PLC (LON:SN)

Smith Nephew PLC has 52 week low of 1,040.36GBX and a 52 week high of 1,324.00GBX with a PE ratio of 31.26 and has a market capitalization of 0 GBX.

In addition to Berenberg reporting its stock price target, a total of 14 brokerages have issued a research note on the company. The average stock price target is 16.63GBX with 3 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Smith Nephew PLC (LON:SN)

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. Its knee systems include LEGION/GENESIS II Total Knee System and JOURNEY II Family of Active Knees. Its hip systems include the ANTHOLOGY Hip System, SYNERGY Hip System, the SMF Femoral Hip System, POLARSTEM Femoral Hip System, the R3 Acetabular System and the POLARCUP Dual Mobility Hip System. Its Sports Medicine Joint Repair products include the FAST-FIX family of meniscal repair systems, the ENDOBUTTON family for knee ligament reconstruction, HEALICOIL PK, FOOTPRINT PK and TWINFIX Suture anchors for repairs of the hip and rotator cuff.

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