Insider Buying: Smiths News (LON:SNWS) Insider Buys £9,844.86 in Stock

Smiths News plc (LON:SNWS) insider Deborah Rabey bought 13,866 shares of Smiths News stock in a transaction dated Friday, December 12th. The shares were acquired at an average cost of GBX 71 per share, for a total transaction of £9,844.86.

Smiths News Price Performance

Shares of Smiths News stock opened at GBX 70.20 on Monday. The business has a 50 day moving average of GBX 65.18 and a 200 day moving average of GBX 60.17. Smiths News plc has a 52 week low of GBX 45.40 and a 52 week high of GBX 72.80. The company has a market cap of £169.91 million, a PE ratio of 6.21, a P/E/G ratio of 0.29 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of -1,469.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a research report on Tuesday, November 4th. Berenberg Bank increased their price target on shares of Smiths News from GBX 75 to GBX 80 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Smiths News currently has an average rating of “Buy” and an average target price 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.