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SN. Smith & Nephew Plc

974.00
-0.80 (-0.08%)
Last Updated: 08:45:28
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Smith & Nephew Plc LSE:SN. London Ordinary Share GB0009223206 ORD USD0.20
  Price Change % Change Share Price Shares Traded Last Trade
  -0.80 -0.08% 974.00 42,099 08:45:28
Bid Price Offer Price High Price Low Price Open Price
974.00 974.80 982.20 971.00 982.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ortho,prosth,surg Appl,suply USD 5.55B USD 263M USD 0.3008 32.38 8.52B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:45:35 O 320 974.2359 GBX

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Smith & Nephew Forums and Chat

Date Time Title Posts
14/11/202407:33*** Smith and Nephew ***804
29/10/201508:48SN.122
10/1/201113:03Smith and Nephew 200867
09/1/201117:12Smiths: Charts and News etc.296
25/9/200614:09Smith&Nep. Why the rise?75

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Smith & Nephew (SN.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:45:36974.243203,117.55O
08:45:06974.001871,821.38AT
08:44:14973.201131,099.72AT
08:44:14973.2037360.08AT
08:44:14973.2039379.55AT

Smith & Nephew (SN.) Top Chat Posts

Top Posts
Posted at 14/11/2024 07:33 by foreverbull
FT article Big investors call for break-up of Smith & NephewThree top 20 shareholders say medical devices company should consider spinning off orthopaedics unitSmith and Nephew logoThe UK-headquartered company has been urged to spin off its orthopaedics division © DreamstimeThree major investors are pushing FTSE 100 company Smith & Nephew to consider a break-up of the business, after disappointing results last month reignited concerns about the medical device maker's strategy.The top 20 shareholders told the Financial Times that the UK-headquartered company should spin off its orthopaedics division, which makes replacement hip and knee joints, if management could not improve its performance.Two of the investors said that a private equity firm could be a potential buyer for the division, the largest by sales of the company's three business lines. "If they could find a buyer for the orthopaedic business that would be quite compelling," one of the investors said.Shares in Smith & Nephew have fallen more than 13 per cent since the end of October when it cut its growth forecast for the year, citing poor sales in China linked to changes in the country's procurement policies. It also said it would continue to struggle in 2025.But China accounted for just 5 per cent of sales last year according to its annual report, and investors said the challenges were more widespread, including a loss of market share in the US, where it makes the majority of its sales.Rupert Soames, chair of Smith & Nephew, told the Financial Times: "We have a well-formed strategy and a plan that we are diligently executing?.?.?.?it encompasses all three of our business lines."Swedish activist Cevian took a 5 per cent stake in the company earlier this year, saying it "owns fundamentally attractive businesses", but had failed to create shareholder value.Its shares are down more than 40 per cent over the past five years as it has struggled with high turnover of executives and underperformance in its orthopaedics division.Orthopaedics is the company's largest but slowest-growing division, behind wound management and sports medicine. Growth has been particularly slow in the US, where it has steadily lost market share over the past decade and is now the fourth-largest provider of replacement hips and knees.Figures from the American Joint Replacement Registry show that the company's Genesis product has gone from being used for 10 per cent of knee replacements in 2012 to under 5 per cent in 2023, falling behind the other three major providers, Zimmer BioMet, Stryker and Johnson & Johnson.Deepak Nath, chief executive since April 2022, has launched a 12-point plan to improve performance into 2025, including strengthening its supply chain and launching new orthopaedics technology to win back market share.But two of the investors said there was a lack of urgency to the turnaround efforts and that the board had not been open to alternatives, such as a spin off."The orthopaedics business is the problem child," said one investor. "They are struggling to fix it and there may be a better owner to that asset if they can't turn it around.""The fundamental risk for Smith & Nephew is that the orthopaedic business is the fourth-largest of an oligopoly of four?.?.?.?if they invest the same percentage of sales in research and development as the other three, the absolute investment is lower, and the others will pull ahead," another added.But one fund manager said he did not see the rationale for a break-up: "The orthopaedics business is capital intensive and relies on cash flow from sports medicine and advanced wound management to survive."Disappointing shareholder returns have led to attention from activist investors in the past: US firm Elliott Management mounted an activist campaign at Smith & Nephew in 2017, calling for it to break up the business.
Posted at 06/11/2024 12:13 by uhound
SN. Price target cut to £10.50 by Berenberg.

However, some would say this is now offering very good value.
Posted at 05/11/2024 00:24 by philanderer
On Monday, Canaccord Genuity adjusted its outlook for medical equipment manufacturer Smith & Nephew (NYSE: SNN), reducing the price target from $32.00 to $27.00 while keeping a Hold rating on the stock.


(Two ordinary shares of Smith & Nephew (SN) are represented by one American Depositary Share (ADR).
Posted at 05/11/2024 00:16 by philanderer
Jefferies cuts Smith & Nephew target but stays optimistic


Jefferies has slashed its target price for medical devices maker Smith & Nephew from 1,400p to 1,250p after challenges in China weighed heavily on third-quarter results.

Nevertheless, the broker kept a 'buy' rating on the stock, saying that the shares' valuation is undemanding by historical standards.

Smith & Nephew reported on Thursday that it was cutting its 2024 and 2025 guidance on the back of struggles in China, where it was impacted by worse-than-expected headwinds across the surgical businesses.

"This is a clear step back as investors were slowly starting to reward management for improved visibility and consistency," Jefferies said in a research note on Monday.


"While unhelpful, China setbacks seem temporary and SN is slowly reaping the benefits from portfolio shifting toward faster-growth segments and recent R&D efforts, which support higher, sustainable growth."

The stock has dropped by around 20% over the past three months, leaving its close to an all-time low price-to-earnings ratio of just 12.5. Jefferies said it sees "ample room for [a] re-rating".



Sharecast
Posted at 31/10/2024 13:02 by ricardo montalban
Back to the same price as 2013, U.K. indexes really are a black hole for capital destruction.
Posted at 31/10/2024 10:02 by essentialinvestor
SN has had a succession of CEO's over the last decade, each with a different action plan, areas of focus, yet the result has been similar - early promise followed by disappointment.

A bid may be the best hope.

The balance sheet, once rock solid, has been geared through acquisitions.
Posted at 25/10/2024 11:05 by suetballs
This share keeps on disappointing.
Fed up after many years of holding.
Suet
Posted at 01/8/2024 06:26 by pugugly
Half year looking much improved - MM mark-up? Or already built into price, but price now very much (imo) activist influenced.
Posted at 30/4/2024 04:17 by alotto
Smith and nephew has always been way overpriced. Even at the current level still seems overpriced. The dividend payout is below what you get from a saving account and the prospect for growth is just about meh.
The share price should be half as much to yield a healthy dividend of 5-6%.
I would buy only with the wish of seeing the share price back to historical levels but I can't put any weight behind my wish especially with the debt it carries and the rates.
Posted at 18/8/2023 08:01 by pugugly
Looks as though going to hell on a broomstick -All brokers targets well under water - Any value - ie:- share price growth potential - peg and p/e seem very high given share price history. Share price at time of posting 1072p .

Smith & Nephew Broker views
Date Broker Recomm. Old target price New target price Notes
20/07/2023 JP Morgan Cazenove Neutral - - Reiteration
03/07/2023 JP Morgan Cazenove Neutral - 1,612.00p Reiteration
15/06/2023 Citigroup Buy - - Reiteration
16/05/2023 Berenberg Bank Buy 1,400.00p 1,500.00p Reiteration
02/05/2023 Berenberg Bank Buy 50.00p 60.00p Reiteration
27/04/2023 Barclays Underweight 1,100.00p 1,200.00p Reiteration
14/03/2023 Citigroup Buy - - Reiteration
08/03/2023 Berenberg Bank Buy - 1,400.00p Reiteration
01/03/2023 Liberum Capital Buy 1,120.00p 1,410.00p Upgrade
17/11/2022 Berenberg Bank Buy 1,400.00p 1,400.00p Reiteration
Smith & Nephew share price data is direct from the London Stock Exchange

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