Canaccord Genuity Group Reiterates Buy Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 95 target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 41.26% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 85 price objective on shares of Smiths News in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 90.

Smiths News Stock Up 3.5%

Shares of SNWS traded up GBX 2.25 on Wednesday, hitting GBX 67.25. The company’s stock had a trading volume of 583,402 shares, compared to its average volume of 757,715. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 338.95. The firm’s fifty day moving average price is GBX 66.30 and its 200-day moving average price is GBX 67.85. Smiths News has a fifty-two week low of GBX 53.20 and a fifty-two week high of GBX 79.40. The firm has a market capitalization of £162.77 million, a price-to-earnings ratio of 5.95, a P/E/G ratio of 0.29 and a beta of 0.33.

Smiths News (LON:SNWS) last issued its quarterly earnings data 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 744.74% and a net margin of 2.66%.The business had revenue of £515.70 million during the quarter. On average, equities research analysts expect that Smiths News will post 10.5555556 EPS 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.