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Barclays Remains a Hold on Smith & Nephew (SN)

Tipranks - Thu Feb 12, 6:26AM CST

In a report released today, Hassan Al-Wakeel from Barclays maintained a Hold rating on Smith & Nephew, with a price target of £12.90.

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Al-Wakeel covers the Healthcare sector, focusing on stocks such as Straumann Holding AG, EssilorLuxottica SA, and Koninklijke Philips N.V.. According to TipRanks, Al-Wakeel has an average return of 0.0% and a 46.88% success rate on recommended stocks.

Smith & Nephew has an analyst consensus of Moderate Buy, with a price target consensus of p1,465.50.

Based on Smith & Nephew’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p2.99 billion and a net profit of p295.65 million. In comparison, last year the company earned a revenue of p2.83 billion and had a net profit of p214 million

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SN in relation to earlier this year.

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