Smiths News (LON:SNWS) Earns “Buy” Rating from Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a GBX 95 ($1.23) price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 79.25% from the stock’s current price.

Smiths News Stock Performance

LON SNWS opened at GBX 53 ($0.69) on Friday. 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’s fifty day moving average is GBX 58.19 and its two-hundred day moving average is GBX 59.70. Smiths News has a 52-week low of GBX 46.73 ($0.61) and a 52-week high of GBX 71 ($0.92). The firm has a market capitalization of £127.22 million, a price-to-earnings ratio of 4.99, a P/E/G ratio of 0.29 and a beta of 0.83.

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.