Goldman Sachs Sticks to Their Buy Rating for Smith & Nephew (SN)
Goldman Sachs analyst Richard Felton reiterated a Buy rating on Smith & Nephew yesterday and set a price target of p1,550.00.
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According to TipRanks, Felton is a 3-star analyst with an average return of 3.1% and a 51.91% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Smith & Nephew with a p1,438.43 average price target.
Based on Smith & Nephew’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p3.31 billion and a net profit of p342.47 million. In comparison, last year the company earned a revenue of p2.98 billion and had a net profit of p198 million
Based on the recent corporate insider activity of 57 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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- Smith & Nephew added to European Conviction List at Goldman Sachs
- Smith & Nephew price target lowered to 1,550 GBp at Goldman Sachs
- Smith & Nephew price target lowered to $30 from $32 at Canaccord
- Smith & Nephew price target lowered to $31.85 from $36.20 at Bernstein
- Roberts Reiterates Hold on Execution Risks and Mixed Segment Performance, Trimming Price Target to $32
