Smith & Nephew’s (SN) Buy Rating Reaffirmed at Citigroup

Citigroup restated their buy rating on shares of Smith & Nephew (LON:SN – Get Rating) in a research note released on Tuesday, MarketBeat Ratings reports.

Several other analysts also recently weighed in on SN. Liberum Capital raised Smith & Nephew to a buy rating and boosted their target price for the company from GBX 1,120 ($13.65) to GBX 1,410 ($17.18) in a report on Wednesday, March 1st. Berenberg Bank reissued a buy rating and issued a GBX 1,400 ($17.06) target price on shares of Smith & Nephew in a report on Wednesday, March 8th. Finally, Barclays reduced their target price on Smith & Nephew from GBX 1,500 ($18.28) to GBX 1,480 ($18.04) and set an overweight rating for the company in a report on Wednesday, February 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of GBX 1,405.50 ($17.13).

Smith & Nephew Stock Up 1.3 %

Shares of LON SN opened at GBX 1,197.50 ($14.59) on Tuesday. Smith & Nephew has a 1 year low of GBX 959.20 ($11.69) and a 1 year high of GBX 1,338.50 ($16.31). The company has a debt-to-equity ratio of 54.61, a current ratio of 2.25 and a quick ratio of 0.84. The company has a market capitalization of £10.46 billion, a price-to-earnings ratio of 5,630.95, a price-to-earnings-growth ratio of 1.31 and a beta of 0.35. The business has a 50-day moving average of GBX 1,165.69 and a two-hundred day moving average of GBX 1,093.50.

Smith & Nephew Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 17th. Investors of record on Thursday, March 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a dividend yield of 1.65%. This is a boost from Smith & Nephew’s previous dividend of $0.14. Smith & Nephew’s dividend payout ratio is currently 15,238.10%.

About Smith & Nephew

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Smith & Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices worldwide. The company offers knee implant products for knee replacement procedures; hip implants for the reconstruction of hip joints; and trauma and extremities products that include internal and external devices used in the stabilization of severe fractures and deformity correction procedures.