Smith & Nephew (SNN) Upgraded by HSBC to Buy

Smith & Nephew (NYSE:SNN) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Other equities analysts also recently issued reports about the company. Canaccord Genuity restated a “buy” rating on shares of Smith & Nephew in a research note on Thursday, February 8th. Morgan Stanley downgraded Smith & Nephew from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 11th. ValuEngine downgraded Smith & Nephew from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded Smith & Nephew from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upgraded Smith & Nephew from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.00.

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Smith & Nephew (NYSE:SNN) opened at $37.01 on Monday. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 0.31. Smith & Nephew has a 52 week low of $30.73 and a 52 week high of $40.43.

A number of hedge funds have recently modified their holdings of SNN. Icon Wealth Partners LLC acquired a new position in Smith & Nephew in the fourth quarter valued at approximately $120,000. SeaCrest Wealth Management LLC acquired a new position in shares of Smith & Nephew during the fourth quarter worth approximately $121,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Smith & Nephew during the fourth quarter worth approximately $126,000. Avestar Capital LLC acquired a new position in shares of Smith & Nephew during the fourth quarter worth approximately $160,000. Finally, Premia Global Advisors LLC acquired a new position in shares of Smith & Nephew during the fourth quarter worth approximately $214,000. Institutional investors own 6.89% of the company’s stock.

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About Smith & Nephew

Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. Its products and services include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices.

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