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Barclays Reaffirms Their Hold Rating on Smith & Nephew (SN)

Tipranks - Tipranks - Wed Mar 4, 3:18AM CST

Barclays analyst Hassan Al-Wakeel maintained a Hold rating on Smith & Nephew today and set a price target of £13.05.

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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 0.1% and a 47.93% success rate on recommended stocks.

In addition to Barclays, Smith & Nephew also received a Hold from RBC Capital’s Jack Reynolds-Clark in a report issued on February 26. However, yesterday, Morgan Stanley maintained a Buy rating on Smith & Nephew (LSE: SN).

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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

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