UBS AG Initiates Coverage on Smiths News Plc (NWS)
Equities research analysts at UBS AG assumed coverage on shares of Smiths News Plc (LON:NWS) in a research note issued to investors on Monday, American Banking & Market News reports. The firm set a “buy” rating and a GBX 19 ($0.30) price target on the stock. UBS AG’s target price points to a potential downside of 89.87% from the stock’s previous close.
Shares of Smiths News Plc (LON:NWS) traded up 4.02% during mid-day trading on Monday, hitting GBX 187.50. The stock had a trading volume of 54,380 shares. Smiths News Plc has a 1-year low of GBX 110.25 and a 1-year high of GBX 193.50. The stock has a 50-day moving average of GBX 177. and a 200-day moving average of GBX 174.. The company’s market cap is £341.1 million.
Several other analysts have also recently commented on the stock. Analysts at Nplus1 Brewin upgraded shares of Smiths News Plc to a “buy” rating in a research note to investors on Tuesday, July 9th. They now have a GBX 185 ($2.88) price target on the stock. Separately, analysts at N+1 Singer upgraded shares of Smiths News Plc from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, July 9th. They now have a GBX 185 ($2.88) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Smiths News Plc in a research note to investors on Tuesday, July 9th. They now have a GBX 203 ($3.16) price target on the stock.
Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Smiths News Plc currently has an average rating of “Buy” and an average price target of GBX 92 ($1.43).
Smiths News PLC is engaged in the distribution of newspapers, magazines, books and consumable products.
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