Smiths News (LON:SNWS) Shares Break Below 200 Day Moving Average – What’s Next?

Smiths News plc (LON:SNWS)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 69.34 and traded as low as GBX 68. Smiths News shares last traded at GBX 68.60, with a volume of 8,234,520 shares traded.

Analyst Ratings Changes

SNWS has been the subject of several research reports. Canaccord Genuity Group boosted their price objective on shares of Smiths News from GBX 95 to GBX 105 and gave the company a “buy” rating in a research note on Wednesday. Berenberg Bank increased their target price on Smiths News from GBX 88 to GBX 110 and gave the stock a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 103.33.

Smiths News Stock Up 2.0%

The firm has a market capitalization of £169.42 million, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 288.79. The firm has a 50 day moving average price of GBX 73.87 and a two-hundred day moving average price of GBX 69.36.

Smiths News (LON:SNWS) last issued its earnings results on Wednesday, November 4th. The company reported GBX 11.30 earnings per share (EPS) for the quarter. The business had revenue of GBX 103.62 billion during the quarter. Smiths News had a return on equity of 293.98% and a net margin of 2.35%. On average, equities analysts expect that Smiths News plc will post 10.56 earnings per share for the current fiscal year.

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.