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Kepler Capital Remains a Buy on Smith & Nephew (SN)

Tipranks - Wed Mar 4, 8:06PM CST

Kepler Capital analyst Christophe dombu maintained a Buy rating on Smith & Nephew on March 2 and set a price target of p1,462.00. The company’s shares closed yesterday at p1,313.00.

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dombu covers the Healthcare sector, focusing on stocks such as Smith & Nephew, Nyxoah, and Basilea Pharmaceutica. According to TipRanks, dombu has an average return of -1.8% and a 53.92% success rate on recommended stocks.

Currently, the analyst consensus on Smith & Nephew is a Moderate Buy with an average price target of p1,490.57, which is a 13.52% upside from current levels. In a report released on March 2, Morgan Stanley also maintained a Buy rating on the stock with a p1,482.00 price target.

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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