By Michele Maatouk
Date: Wednesday 16 Mar 2022
LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets initiated coverage of medical products manufacturer Smith & Nephew at 'outperform' on Wednesday with a 1,700p price target.
"The market is not pricing in the potential acceleration in both revenue growth and margins from the company's strong positioning in high-growth Sports Medicine and ASCs, as well as its differentiated CORI surgical robot and new cementless knee portfolio, in our view, as well as its operational improvement programme," RBC said.
"This provides an opportunity to build a position in a major med-tech company at a historically low entry point."
At 1130 GMT, the shares were up 3.1% at 1,242.50p.
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Currency | UK Pounds |
Share Price | 964.40p |
Change Today | -19.00p |
% Change | -1.93 % |
52 Week High | 1,314.50 |
52 Week Low | 896.20 |
Volume | 3,025,966 |
Shares Issued | 874.33m |
Market Cap | £8,432m |
RiskGrade | 173 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 6 |
Buy | 5 |
Neutral | 6 |
Sell | 0 |
Strong Sell | 1 |
Total | 18 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 28-Mar-24 | 05-Oct-23 |
Paid | 22-May-24 | 01-Nov-23 |
Amount | 23.10¢ | 14.40¢ |
Time | Volume / Share Price |
16:35 | 1,566,522 @ 964.40p |
16:35 | 974 @ 964.40p |
16:35 | 8,727 @ 964.40p |
16:35 | 2,165 @ 964.40p |
16:35 | 1,237 @ 964.40p |
CEO | Deepak Nath |
CFO | John Rogers |
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