Smith & Nephew plc (LON:SN) rose 1% on Friday . The company traded as high as GBX 1,396 ($18.52) and last traded at GBX 1,392 ($18.46). Approximately 3,361,747 shares were traded during trading, an increase of 7% from the average daily volume of 3,133,170 shares. The stock had previously closed at GBX 1,378 ($18.28).
SN has been the subject of a number of recent research reports. Jefferies Group LLC boosted their price target on shares of Smith & Nephew plc from GBX 1,350 ($17.91) to GBX 1,515 ($20.10) and gave the stock a “buy” rating in a research note on Friday, July 28th. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,200 ($15.92) price target on shares of Smith & Nephew plc in a research note on Friday, July 28th. Berenberg Bank reissued a “hold” rating and set a GBX 1,300 ($17.24) price target on shares of Smith & Nephew plc in a research note on Tuesday, July 18th. HSBC Holdings plc reissued a “hold” rating and set a GBX 1,320 ($17.51) price target on shares of Smith & Nephew plc in a research note on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 1,380 ($18.30) price target on shares of Smith & Nephew plc in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Smith & Nephew plc has a consensus rating of “Hold” and a consensus target price of GBX 1,289.25 ($17.10).
The company’s market capitalization is GBX 12.19 billion. The firm’s 50-day moving average is GBX 1,366.65 and its 200-day moving average is GBX 1,323.16.
The business also recently disclosed a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a dividend yield of 0.72%.
In related news, insider Virginia Bottomley acquired 223 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of GBX 1,380 ($18.30) per share, for a total transaction of £3,077.40 ($4,081.97).
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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. Its products and services include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices.
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