Canaccord Genuity Group Reaffirms Buy Rating for Smiths News (LON:SNWS)

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

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

Smiths News Stock Performance

Smiths News stock opened at GBX 78.40 on Friday. The company has a 50 day moving average price of GBX 71.04 and a 200-day moving average price of GBX 69.02. 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 has a fifty-two week low of GBX 55.80 and a fifty-two week high of GBX 81. The company has a market capitalization of £189.76 million, a PE ratio of 7.33, a P/E/G ratio of 0.29 and a beta of 0.31.

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.