Insider Selling: Smiths News (LON:SNWS) Insider Sells 147,705 Shares of Stock

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 147,705 shares of Smiths News stock in a transaction on Friday, December 5th. The stock was sold at an average price of GBX 69, for a total transaction of £101,916.45.

Jonathan Bunting also recently made the following trade(s):

• On Friday, November 28th, Jonathan Bunting sold 442,530 shares of Smiths News stock. The stock was sold at an average price of GBX 68, for a total value of £300,920.40.

Smiths News Stock Performance

LON:SNWS traded down GBX 0.20 during midday trading on Tuesday, reaching GBX 69. The stock had a trading volume of 750,433 shares, compared to its average volume of 415,157. The stock has a market cap of £167.00 million, a P/E ratio of 6.11, a P/E/G ratio of 0.29 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of -1,469.70. Smiths News plc has a 12-month low of GBX 45.40 and a 12-month high of GBX 72. The firm has a fifty day simple moving average of GBX 64.48 and a two-hundred day simple moving average of GBX 59.93.

Wall Street Analysts Forecast Growth

SNWS has been the topic of a number of analyst reports. Berenberg Bank lifted their price objective on shares of Smiths News from GBX 75 to GBX 80 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 price objective on shares of Smiths News in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 87.50.

About Smiths News

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains.