Smiths News (LON:SNWS) Insider Manju Malhotra Purchases 30,006 Shares

Smiths News plc (LON:SNWS) insider Manju Malhotra purchased 30,006 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of GBX 66 per share, for a total transaction of £19,803.96.

Smiths News Stock Performance

Shares of LON SNWS opened at GBX 65.55 on Friday. The company has a 50-day simple moving average of GBX 61.06 and a 200-day simple moving average of GBX 58.56. The company has a debt-to-equity ratio of -1,469.70, a current ratio of 0.98 and a quick ratio of 0.83. The company has a market cap of £157.10 million, a PE ratio of 5.96, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News plc has a 12 month low of GBX 45.40 and a 12 month high of GBX 71.60.

Analyst Upgrades and Downgrades

SNWS has been the subject of several analyst reports. Berenberg Bank boosted their price target on Smiths News from GBX 75 to GBX 80 and gave the company a “buy” rating in a report on Tuesday, November 4th. Canaccord Genuity Group restated a “buy” rating and set a GBX 95 price objective on shares of Smiths News in a report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 87.50.

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.