Smiths News (LON:SNWS) Stock Falls 9.8% – Here’s Why

Smiths News plc (LON:SNWS) fell 9.8% during mid-day trading on Wednesday. The stock traded as low as GBX 71.20 and last traded at GBX 73.26. Approximately 5,007,626 shares traded hands during mid-day trading, an increase of 597% from the average session volume of 718,017 shares. The stock had previously closed at GBX 81.20.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SNWS. Canaccord Genuity Group boosted their target price on shares of Smiths News from GBX 95 to GBX 105 and gave the stock a “buy” rating in a research report on Wednesday. Berenberg Bank raised their price target on shares of Smiths News from GBX 88 to GBX 110 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Smiths News has a consensus rating of “Buy” and a consensus price target of GBX 103.33.

Smiths News Price Performance

The business’s 50-day moving average price is GBX 73.85 and its 200 day moving average price is GBX 69.34. The company has a market capitalization of £169.42 million, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. The company has a quick ratio of 0.83, a current ratio of 0.95 and a debt-to-equity ratio of 288.79.

Smiths News (LON:SNWS) last released its quarterly earnings results 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 business had revenue of GBX 103.62 billion during the quarter. Analysts anticipate that Smiths News plc will post 10.56 EPS for the current fiscal 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.