Canaccord Genuity Group Reaffirms “Buy” Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a GBX 95 price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 35.63% from the stock’s previous close.

Several other brokerages have also recently issued reports on SNWS. Berenberg Bank reaffirmed a “buy” rating and set a GBX 85 target price on shares of Smiths News in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Smiths News has a consensus rating of “Buy” and an average price target of GBX 91.67.

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Smiths News Stock Performance

LON SNWS opened at GBX 70.04 on Monday. 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 simple moving average is GBX 66.93 and its 200-day simple moving average is GBX 68.06. The company has a market cap of £169.53 million, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. Smiths News has a 1-year low of GBX 54 and a 1-year high of GBX 79.40.

Smiths News (LON:SNWS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported GBX 5.20 EPS for the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.The firm had revenue of £515.70 million during the quarter. As a group, equities research analysts anticipate that Smiths News will post 10.5555556 EPS for the current fiscal year.

About Smiths News

(Get Free Report)

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.

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