Smiths News (LON:SNWS) Stock Rating Reaffirmed as “Buy” by Canaccord Genuity Group

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

Separately, Berenberg Bank increased their price target on 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 92.67.

Smiths News Stock Down 1.8%

Shares of LON:SNWS traded down GBX 1.40 during midday trading on Friday, reaching GBX 78.40. The company’s stock had a trading volume of 1,573,208 shares, compared to its average volume of 660,527. The firm has a 50 day moving average of GBX 70.90 and a 200-day moving average of GBX 68.95. The firm has a market capitalization of £189.76 million, a P/E ratio of 7.33, a PEG ratio of 0.29 and a beta of 0.31. Smiths News has a 12-month low of GBX 55.80 and a 12-month 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.