Smiths News Plc’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (NWS)
Smiths News Plc (LON:NWS)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 236 ($3.89) target price on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 5.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “hold” rating on shares of Smiths News Plc in a research note to investors on Wednesday. They now have a GBX 200 ($3.30) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Smiths News Plc in a research note to investors on Monday, November 25th. They now have a GBX 220 ($3.63) price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Smiths News Plc in a research note to investors on Tuesday, November 5th. They set a “market perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Smiths News Plc has a consensus rating of “Buy” and a consensus price target of GBX 95.43 ($1.57).
Shares of Smiths News Plc (LON:NWS) traded down 0.99% during mid-day trading on Thursday, hitting GBX 224.75. 79,337 shares of the company’s stock traded hands. Smiths News Plc has a 1-year low of GBX 145.50 and a 1-year high of GBX 247.75. The stock has a 50-day moving average of GBX 229.6 and a 200-day moving average of GBX 201.6. The company’s market cap is £411.8 million.
Smiths News PLC is engaged in the distribution of newspapers, magazines, books and consumable products.
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