Smiths News’ (SNWS) “Buy” Rating Reiterated at Canaccord Genuity Group

Smiths News (LON:SNWS – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Friday,London Stock Exchange reports. They currently have a GBX 95 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 38.08% from the company’s current price.

A number of other brokerages have also issued reports on SNWS. Berenberg Bank reiterated a “buy” rating and issued a GBX 85 target price on shares of Smiths News in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 95 price target on shares of Smiths News in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 91.67.

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Smiths News Stock Up 2.7%

Shares of Smiths News stock opened at GBX 68.80 on Friday. The business’s fifty day moving average price is GBX 67.38 and its two-hundred day moving average price is GBX 67.83. 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 company has a market capitalization of £166.52 million, a P/E ratio of 6.43, a PEG 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 released its quarterly earnings results on Wednesday, May 6th. The company reported GBX 5.20 earnings per share (EPS) for the quarter. The company had revenue of £515.70 million during the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%. As a group, research analysts forecast that Smiths News will post 10.5555556 EPS for the current 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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