Smiths News (LON:SNWS) Given Buy Rating at Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a research report issued on Friday, Digital Look reports. They currently have a GBX 95 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 21.17% from the company’s current price.

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

Smiths News Stock Down 1.8%

SNWS stock traded down GBX 1.40 during midday trading on Friday, reaching GBX 78.40. 1,573,208 shares of the company’s stock traded hands, compared to its average volume of 660,527. The company has a market cap of £189.76 million, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.29 and a beta of 0.31. The firm’s fifty day moving average price is GBX 71.04 and its 200-day moving average price is GBX 69.02. Smiths News has a 52 week low of GBX 55.80 and a 52 week high of GBX 81. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 501.69.

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.