Smiths News (LON:SNWS) Earns Buy Rating from Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued on Tuesday, September 29th, Marketbeat Ratings reports. They presently have a GBX 95 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 28.73% from the stock’s previous close.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 85 price target on shares of Smiths News in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 92.67.

Smiths News Stock Down 3.1%

LON:SNWS traded down GBX 2.40 during mid-day trading on Tuesday, hitting GBX 73.80. 519,195 shares of the company’s stock were exchanged, compared to its average volume of 656,241. The company has a market cap of £178.62 million, a PE ratio of 6.90, a P/E/G ratio of 0.29 and a beta of 0.31. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. Smiths News has a one year low of GBX 55.80 and a one year high of GBX 79.40. The business has a fifty day moving average price of GBX 70.45 and a 200 day moving average price of GBX 68.35.

Smiths News Company Profile

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. Our teams go further, when others stop, striving to meet the highest standards in all we do.