Smiths News (LON:SNWS) Earns Buy Rating from Canaccord Genuity Group

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

Separately, Berenberg Bank raised their price objective on Smiths News from GBX 85 to GBX 88 and gave the company a “buy” rating in a research report on Tuesday, September 29th. Three 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 Performance

LON SNWS traded down GBX 1.40 on Friday, hitting GBX 78.40. 1,573,208 shares of the stock were exchanged, compared to its average volume of 660,527. 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. 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 is GBX 70.90 and its 200 day moving average is GBX 68.95. Smiths News has a 52 week low of GBX 55.80 and a 52 week high of GBX 81.

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.