Smiths News’ (SNWS) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Smiths News (LON:SNWS) in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a GBX 95 target price on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 75 price objective on shares of Smiths News in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Smiths News has a consensus rating of “Buy” and an average target price of GBX 88.33.

Smiths News Price Performance

Shares of LON SNWS opened at GBX 62 on Tuesday. Smiths News has a twelve month low of GBX 45.40 and a twelve month high of GBX 71. The stock’s 50 day moving average price is GBX 56.74 and its 200-day moving average price is GBX 56.30. The company has a market capitalization of £148.59 million, a PE ratio of 563.64, a PEG 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.

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.