Smiths News (LON:SNWS) Stock Price Up 0.9% – What’s Next?

Smiths News plc (LON:SNWS – Get Free Report)’s share price rose 0.9% during trading on Friday . The company traded as high as GBX 69.60 and last traded at GBX 69.60. Approximately 426,037 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 662,309 shares. The stock had previously closed at GBX 69.

Analysts Set New Price Targets

SNWS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 95 price target on shares of Smiths News in a research note on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 85 price objective on shares of Smiths News in a research note on Monday, June 29th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 price objective on shares of Smiths News in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 91.67.

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Smiths News Stock Performance

The firm has a fifty day moving average of GBX 69.97 and a 200-day moving average of GBX 67.95. The stock has a market capitalization of £168.46 million, a price-to-earnings ratio of 6.50, a PEG ratio of 0.29 and a beta of 0.32. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 501.69.

Smiths News Company Profile

(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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