Smith & Nephew plc (SN) Sets New 12-Month High at $1,412.00

Smith & Nephew plc (LON:SN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,412 ($18.24) and last traded at GBX 1,396 ($18.03), with a volume of 2,145,539 shares traded. The stock had previously closed at GBX 1,399 ($18.07).

Several research analysts have recently commented on SN shares. Citigroup Inc. reaffirmed a “sell” rating and set a GBX 1,160 ($14.98) target price on shares of Smith & Nephew plc in a report on Thursday, June 22nd. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,200 ($15.50) target price on shares of Smith & Nephew plc in a report on Friday, July 28th. Jefferies Group LLC raised their target price on shares of Smith & Nephew plc from GBX 1,350 ($17.44) to GBX 1,515 ($19.57) and gave the stock a “buy” rating in a report on Friday, July 28th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 1,280 ($16.53) target price on shares of Smith & Nephew plc in a report on Friday, July 28th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,300 ($16.79) target price on shares of Smith & Nephew plc in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,289.25 ($16.65).

The stock’s market cap is GBX 12.22 billion. The stock’s 50-day moving average is GBX 1,358.97 and its 200-day moving average is GBX 1,307.84.

The business also recently announced a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 5th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a dividend yield of 0.72%.

In other Smith & Nephew plc news, insider Virginia Bottomley purchased 223 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average cost of GBX 1,380 ($17.82) per share, with a total value of £3,077.40 ($3,974.43).

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About Smith & Nephew plc

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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