Smiths News’ (SNWS) Buy Rating Reaffirmed at Berenberg Bank

Smiths News (LON:SNWS)‘s stock had its “buy” rating restated by Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 85 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 26.87% from the stock’s previous close.

SNWS has been the topic of several other reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 95 target price 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, According to data from MarketBeat, Smiths News has a consensus rating of “Buy” and an average target price of GBX 91.67.

Smiths News Price Performance

Shares of LON SNWS opened at GBX 67 on Wednesday. Smiths News has a 1-year low of GBX 54 and a 1-year high of GBX 79.40. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. The business’s fifty day moving average price is GBX 66.78 and its two-hundred day moving average price is GBX 68.10. The firm has a market capitalization of £162.16 million, a PE ratio of 6.26, a P/E/G ratio of 0.29 and a beta of 0.33.

Smiths News (LON:SNWS) last issued 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 firm had revenue of £515.70 million for the quarter. On average, research analysts expect that Smiths News will post 10.5555556 EPS 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.