Canaccord Genuity Group Forecasts Strong Price Appreciation for Smiths News (LON:SNWS) Stock

Smiths News (LON:SNWS) had its target price lifted by equities researchers at Canaccord Genuity Group from GBX 95 to GBX 105 in a research report issued on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s price objective points to a potential upside of 46.58% from the stock’s previous close.

Separately, Berenberg Bank increased their target price on Smiths News from GBX 88 to GBX 110 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Smiths News presently has a consensus rating of “Buy” and a consensus target price of GBX 103.33.

Smiths News Price Performance

Shares of SNWS stock opened at GBX 71.63 on Wednesday. Smiths News has a 52-week low of GBX 59.60 and a 52-week high of GBX 86. The company has a debt-to-equity ratio of 501.69, a quick ratio of 0.83 and a current ratio of 0.90. The firm has a market capitalization of £173.37 million, a P/E ratio of 6.69, a P/E/G ratio of 0.29 and a beta of 0.31. The stock has a 50 day moving average price of GBX 73.77 and a 200 day moving average price of GBX 69.32.

Smiths News (LON:SNWS) last posted its quarterly earnings data on Wednesday, November 4th. The company reported GBX 11.30 earnings per share (EPS) for the quarter. The company had revenue of GBX 103.62 billion during the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%. As a group, sell-side analysts predict that Smiths News will post 10.56 earnings per share for the current year.

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