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Smith & Nephew (SN) Receives a Hold from Barclays

Tipranks - Fri Jan 23, 5:20AM CST

Barclays analyst Hassan Al-Wakeel maintained a Hold rating on Smith & Nephew on January 20 and set a price target of £12.90.

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Al-Wakeel covers the Healthcare sector, focusing on stocks such as Smith & Nephew, Straumann Holding AG, and Koninklijke Philips N.V.. According to TipRanks, Al-Wakeel has an average return of 0.5% and a 50.00% success rate on recommended stocks.

Currently, the analyst consensus on Smith & Nephew is a Moderate Buy with an average price target 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 73 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SN in relation to earlier this year.

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