Smiths News’ (SNWS) Buy Rating Reaffirmed at Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a report issued on Monday,Digital Look reports. They currently have a GBX 95 target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 35.63% from the stock’s previous close.

SNWS has been the topic of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 85 price objective 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 note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Smiths News currently has an average rating of “Buy” and an average target price of GBX 91.67.

Smiths News Stock Up 3.6%

Smiths News stock opened at GBX 70.04 on Monday. The firm has a market cap of £169.53 million, a price-to-earnings ratio of 6.55, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. Smiths News has a 52 week low of GBX 54 and a 52 week high of GBX 79.40. The business’s 50-day moving average price is GBX 66.93 and its 200 day moving average price is GBX 68.06. 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 (LON:SNWS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported GBX 5.20 earnings per share (EPS) for the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.The company had revenue of £515.70 million during the quarter. As a group, sell-side analysts anticipate that Smiths News will post 10.5555556 earnings per share for the current year.

Smiths News Company Profile

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.