Citi Remains a Buy on Smith & Nephew (SN)

In a report released today, from Citi maintained a Buy rating on Smith & Nephew, with a price target of £15.50.

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In addition to Citi, Smith & Nephew also received a Buy from Bank of America Securities’s Julien Ouaddour in a report issued on July 7. However, on June 29, RBC Capital maintained a Hold rating on Smith & Nephew (LSE: SN).

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 63 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.