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Home / Upgrades / Downgrades / Smith & Nephew

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Smith & Nephew

Does this Upgrade present an opportunity for you?

Is it irrelevant, or will the Upgrade make the Smith & Nephew share price more attractive?

  • The chart shows the Smith & Nephew share price since the late October.
  • Twin broker upgrade today.
  • Morgan Stanley upgrades Smith & Nephew to Overweight, setting the target price at 1692p.
  • Deutsche Bank upgrades Smith & Nephew to Hold, setting the target price at 1350p.
  • Consensus summary: 6 Buys, 10 Holds, 1 Sell; Average target: 1469p (Source: Bloomberg).
  • Current share price 1485p (at time of writing).
  • Hit new record highs today.
  • Shares -4% from 2018 highs; -26.5% off 2018 lows; +15.5% year-to date
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Smith & Nephew – An Example

Let’s say you think that Smith & Nephew shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Smith & Nephew using a CFD, at the current price of 1485p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Smith & Nephew share price rises to 1600p new record highs(+7.7%). Your profit would be £940 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Smith & Nephew shares fall 3% and hit your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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