Smiths News’ (SNWS) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued on Friday, Digital Look reports. They presently have a GBX 95 target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 21.17% from the stock’s previous close.

Separately, Berenberg Bank increased their price target 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 investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 92.67.

Smiths News Stock Down 1.8%

Shares of Smiths News stock traded down GBX 1.40 on Friday, reaching GBX 78.40. 1,573,208 shares of the company were exchanged, compared to its average volume of 660,527. 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 stock’s 50 day moving average price is GBX 71.04 and its 200-day moving average price is GBX 69.02. The company has a market cap of £189.76 million, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. Smiths News has a 1-year low of GBX 55.80 and a 1-year high of GBX 81.

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.