Canaccord Genuity Group Reaffirms Buy Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 95 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 19.95% from the stock’s current price.

Separately, Berenberg Bank lifted their target price on Smiths News from GBX 85 to GBX 88 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 92.67.

Smiths News Stock Down 0.8%

Shares of Smiths News stock opened at GBX 79.20 on Friday. Smiths News has a 1 year low of GBX 55.80 and a 1 year high of GBX 81. The company has a market cap of £191.69 million, a P/E ratio of 7.40, a P/E/G ratio of 0.29 and a beta of 0.31. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 501.69. The stock has a 50-day moving average price of GBX 70.90 and a 200 day moving average price of GBX 68.95.

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.