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Berenberg downgraded Smith & Nephew (NYSE:SNN) from Buy to Hold in a report released today.

Yesterday Smith & Nephew (NYSE:SNN) traded -3.67% lower at $32.44. The company’s 50-day moving average is $32.99 and its 200-day moving average is $33.61. The last stock close price is down -7.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 122,188 shares of the stock were exchanged, down from an average trading volume of 417,494

Berenberg has downgraded Smith & Nephew (NYSE:SNN) from Buy to Hold in a report released on 10/6/2016.

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Smith & Nephew (NYSE:SNN)

Smith & Nephew has a 52 week low of $30.23 and a 52 week high of $36.11 with a P/E ratio of 39.36 The company’s market cap is currently $0.

In addition to Berenberg reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $41.17 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Smith & Nephew (NYSE:SNN)

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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