Berenberg Bank Issues Positive Forecast for Smiths News (LON:SNWS) Stock Price

Smiths News (LON:SNWS) had its price objective raised by Berenberg Bank from GBX 85 to GBX 88 in a research report released on Tuesday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 92.67.

Smiths News Stock Up 4.7%

Shares of LON SNWS opened at GBX 70.76 on Tuesday. Smiths News has a 52 week low of GBX 55.80 and a 52 week high of GBX 79.40. The business has a 50-day simple moving average of GBX 69.90 and a two-hundred day simple moving average of 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. The company has a market cap of £171.25 million, a P/E ratio of 6.61, a P/E/G ratio of 0.29 and a beta of 0.31.

More Smiths News News

Here are the key news stories impacting Smiths News this week:

• Positive Sentiment: Upgraded FY2026 outlook: Smiths News said strong second-half trading means its fiscal 2026 results are expected to exceed market forecasts. The company’s comments were the main catalyst for the stock’s rise. Earnings and Trading: Smiths News Says 2026 Results to Beat Consensus
• Positive Sentiment: World Cup benefit: Reports said the 2026 FIFA World Cup is expected to support demand and help lift results above forecasts, adding a potentially significant seasonal tailwind to the company’s distribution business. Smiths News Shares Climb as World Cup Boost Lifts Results Above Forecasts
• Positive Sentiment: Broker support strengthened: Berenberg raised its price target to GBX 88 from GBX 85 and retained a “buy” rating. Canaccord Genuity also reaffirmed its “buy” recommendation and maintained a GBX 95 target, implying further upside based on the recent trading level. Smiths News Keeps Buy Rating at Canaccord Genuity

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. Our teams go further, when others stop, striving to meet the highest standards in all we do.