Smiths News’ (SNWS) Buy Rating Reiterated at Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a report issued 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 20.64% from the stock’s previous close.

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

Smiths News Price Performance

Smiths News stock traded down GBX 1.06 during trading on Friday, reaching GBX 78.74. The company had a trading volume of 876,097 shares, compared to its average volume of 657,042. The firm’s 50-day simple moving average is GBX 70.90 and its 200 day simple moving average is GBX 68.95. Smiths News has a 1-year low of GBX 55.80 and a 1-year high of GBX 81. The firm has a market capitalization of £190.59 million, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. The company has a debt-to-equity ratio of 501.69, a quick ratio of 0.83 and a current ratio of 0.90.

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.