Smiths News (LON:SNWS) Given “Buy” Rating at Berenberg Bank

Smiths News (LON:SNWS)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 85 price target on the stock. Berenberg Bank’s target price points to a potential upside of 26.87% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 target price on shares of Smiths News in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 91.67.

Smiths News Trading Up 5.7%

Shares of SNWS stock opened at GBX 67 on Wednesday. The stock has a 50-day simple moving average of GBX 66.78 and a 200 day simple moving average of GBX 68.10. Smiths News has a fifty-two week low of GBX 54 and a fifty-two week high of GBX 79.40. The stock has a market capitalization of £162.16 million, a P/E ratio of 6.26, a P/E/G ratio of 0.29 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 501.69.

Smiths News (LON:SNWS) last announced its earnings results on Wednesday, May 6th. The company reported GBX 5.20 earnings per share for the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.The business had revenue of £515.70 million during the quarter. On average, sell-side analysts expect that Smiths News will post 10.5555556 earnings per share for the current fiscal year.

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.