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Prices & Quotes - UK Markets - Smith & Nephew (SN.)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,583.00p
Change Today:
16.00p
Market Cap:
13,915m
Sector:
Health Care Equipment & Services

Berenberg lowers target price on Smith & Nephew

By Iain Gilbert

Date: Monday 22 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on medical equipment manufacturer Smith & Nephew from 20.05 to 19.85 on Monday, stating the group had sacrificed today "for a better tomorrow".
Berenberg said the resetting of margin expectations triggered by Smith & Nephew's recent full-year 2020 results and the release of 2021 guidance, while "painful", was also necessary.

Ahead of the results, Berenberg's 2021 trading profit and adjusted earnings per share estimates were already roughly 10% below consensus.

However, Berenberg stated that when one looks at the reasons behind the reset - Covid-19, foreign exchange, increased research and development investment and dilution from recent mergers and acquisitions - investors should be less concerned.

"Covid-19-related headwinds should abate; FX, if it stays where it is, becomes a circa 50 basis point tailwind for margins in 2022; and both higher R&D and M&A should yield better growth in the medium-term," said Berenberg.

The German bank, which stood by its 'buy' rating on the stock, concluded that while short-term earnings expectations needed to reset, the medium- to long-term outlook for Smith & Nephew has "only improved" in its view.

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Smith & Nephew Market Data

Currency UK Pounds
Price 1,583.00p
Change Today 16.00p
52 Week High 1,736.00p
52 Week Low 1,336.50p
Volume 1,556,212
Shares Issued 879.04m
Market Cap 13,915m
Beta 0.00

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 7
Sell 0
Strong Sell 2
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smith & Nephew Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Apr-21 01-Oct-20
Paid 12-May-21 28-Oct-20
Amount 23.10¢ 14.40¢

Trades for 07-May-2021

Time Volume / Share Price
16:45 2,686 @ 1,581.00p
16:45 2,686 @ 1,581.00p
16:35 601,859 @ 1,583.00p
16:29 531 @ 1,581.00p
16:29 263 @ 1,581.00p

Smith & Nephew Key Personnel

Chair Roberto Quarta
CEO Roland Diggelmann