Smith Nephew PLC (LON:SN) Rating Reaffirmed
In an analyst research report revealed to clients and investors on Wednesday, 16 December, The “Hold” rating of Smith Nephew PLC (LON:SN) shares was reiterated by Analysts at Jefferies International, who now has a GBX 1044.00 Estimated Target Price on the stock. Jefferies International’s Estimated Target Price would suggest a possible downside of -3.35% from the previous stock close of the company.
From a total of 16 analysts covering Smith Nephew PLC (LON:SN) stock, 11 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is GBX 45 while the lowest target price is GBX 15.54. The mean of all analyst targets is GBX 20.16 with a 11.10% above today’s (GBX 1080.15) stock price. Smith Nephew PLC was the topic of 66 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Outperform” rating. BNP Paribas maintained shares with “Outperform” rating and GBX 1350 target share price in a report from a November 17. Numis Securities maintained SN stock in a recent report from December 1 with “Add” rating. Morgan Stanley maintained the rating on November 11. Morgan Stanley has a “Underweight” rating and a GBX 1074 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 18.
The stock increased 1.90% or GBX 20.15 on December 15, striking GBX 1080.15. It is down 4.57% since May 19, 2015 and is downtrending. It has underperformed by 0.89% the S&P500.
The overall sentiment of institutions has decreased to 0.92 in Q2 2015. Its down 0.21, from 1.13 in 2015Q2. The ratio turned negative, as 34 institutions have sold all the shares of Smith & Nephew plc that they owned while 41 funds have taken shares off the table. 16 funds have purchased shares for the first time while 53 added to their positions. These institutions now hold 45.17 million shares or 16.79% less than the 54.28 million shares they owned in 2015Q2.
The Fund Sound Energy Partners Inc. currently is holding shares equating to 4.24% of its total portfolio in Smith & Nephew plc representing a total of 341,200 shares. Another fund,Columbia Pacific Advisors Llc, is holding a total of 454,500 shares equating to 2.86% of their holdings. Additionally, Grt Capital Partners L.L.C. has a 1.41 million share stake in Smith & Nephew plc which represents 2.3% of their total portfolio. The Fund, William Harris Investors Inc, based out of Illinois, has also built up a stake in the stock, which represents a total of 1.32% of their total portfolio. Finally Villere St Denis J & Co Llc, a fund which is based in the state of Louisiana reported a total holdings of 3.88 million shares.
Insider activity is a very important aspect to track on any stock. Going back to June 2, 2015, shareholders of Smith & Nephew plc have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $3,350 . Hink Kirsten A sold 564 shares worth approximately $3,350. Garcia Gilbert A sold 4,300 shares worth approximately $43,454. Jackson Alan G. sold 4,300 shares worth approximately $43,454. Maher Sean M sold 2,481 shares worth approximately $25,181. The company insider Colvin Greg sold 4,300 shares worth $44,075.
Smith & Nephew plc is a global medical devices business operating in the markets for advanced surgical devices, which includes orthopedic reconstruction, trauma and sports medicine and advanced wound management. The company has a market cap of 9.72 billion GBP. The Firm operates in two divisions: Advanced Surgical Devices and Advanced Wound Management. It has 26.43 P/E ratio. The Company’s Advanced Surgical Devices segment offers products and technologies, which include orthopedic reconstruction, trauma and extremities, sports medicine joint repair, arthroscopy enabling technologies and other advanced surgical devices (ASD).
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