Smiths News (LON:SNWS) Price Target Raised to GBX 105

Smiths News (LON:SNWS) had its price target lifted by Canaccord Genuity Group from GBX 95 to GBX 105 in a research note published on Wednesday,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank lifted their target price on Smiths News from GBX 88 to GBX 110 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 103.33.

Smiths News Trading Up 2.0%

LON SNWS opened at GBX 70 on Wednesday. The company’s fifty day simple moving average is GBX 73.87 and its 200-day simple moving average is GBX 69.36. Smiths News has a 52 week low of GBX 59.60 and a 52 week high of GBX 86. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 288.79. The stock has a market cap of £169.42 million, a P/E ratio of 6.54, a PEG ratio of 0.29 and a beta of 0.31.

Smiths News (LON:SNWS) last issued its quarterly earnings data on Wednesday, November 4th. The company reported GBX 11.30 EPS for the quarter. Smiths News had a net margin of 2.35% and a return on equity of 293.98%. The firm had revenue of GBX 103.62 billion for the quarter. Equities research analysts predict that Smiths News will post 10.56 EPS for the current fiscal year.

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.