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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 1,230.00p
Change Today:
12.50p
Market Cap:
10,815m
Sector:
Health Care Equipment & Services

Berenberg lowers target price on Smith & Nephew

By Iain Gilbert

Date: Friday 01 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analyst at Berenberg cut their target price on medical equipment manufacturer Smith & Nephew from 20.20 to 18.80 on Friday, stating the firm was now facing a "bumpier road" to the "same destination".
Berenberg, which stood by its 'buy' rating on the stock, said it continues to believe that Smith & Nephew's current share price "materially" undervalues its longer-term revenue growth and margin expansion potential, noting it has "good products" in growth markets, the ability to sell them effectively and a "largely under control" cost base.

However, the German bank stated that with Covid-19 still affecting the business and cost pressures only building, the short-term outlook for S&N was looking "increasingly uncertain", in its view.

"Thus, if we only took a short-term view, we would find it hard to recommend buying Smith & Nephew's shares, but they are so undervalued, in our view, that we simply view any near-term volatility as an opportunity," said the analysts.

"Given the weaker near-term performance that we now expect, we have reduced our 2021E and 2022E adjusted EPS estimates by 4% and 3% respectively but, as these changes are largely COVID-19-related, our adjusted EPS estimates decline by less than 1% thereafter. The 7% reduction in our DCF-derived price target is partly related to these forecast changes, but it is mainly a consequence of factoring rising UK bond yields into our DCF, which has driven our WACC up by 40bp to 6.3%."

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Smith & Nephew Market Data

Currency UK Pounds
Price 1,230.00p
Change Today 12.50p
52 Week High 1,668.50p
52 Week Low 1,210.00p
Volume 774,014
Shares Issued 879.29m
Market Cap 10,815m
Beta 0.84

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 6
Buy 2
Neutral 4
Sell 0
Strong Sell 2
Total 14
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
  Interim Final
Ex-Div 30-Sep-21 01-Apr-21
Paid 27-Oct-21 12-May-21
Amount 14.40¢ 23.10¢

Trades for 01-Dec-2021

Time Volume / Share Price
16:04 10 @ 1,230.00p
16:04 40 @ 1,230.00p
16:04 18 @ 1,230.00p
16:04 229 @ 1,230.00p
16:04 64 @ 1,230.00p

Smith & Nephew Key Personnel

Chair Roberto Quarta
CEO Roland Diggelmann