Smiths News (LON:SNWS) Stock Price Down 0.3% – Here’s What Happened

Smiths News plc (LON:SNWS)’s stock price was down 0.3% during trading on Thursday . The company traded as low as GBX 66 and last traded at GBX 67. Approximately 176,737 shares traded hands during trading, a decline of 74% from the average daily volume of 690,160 shares. The stock had previously closed at GBX 67.20.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SNWS shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 target price on shares of Smiths News in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 95 target price on shares of Smiths News in a research report on Thursday, May 7th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 85 target price on shares of Smiths News in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Smiths News has a consensus rating of “Buy” and an average price target of GBX 91.67.

Smiths News Price Performance

The stock’s 50-day moving average is GBX 66.68 and its 200 day moving average is GBX 68.40. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. The company has a market cap of £162.16 million, a PE ratio of 5.93, a PEG ratio of 0.29 and a beta of 0.33.

Smiths News (LON:SNWS) last posted its earnings results on Wednesday, May 6th. The company reported GBX 5.20 EPS for the quarter. Smiths News had a net margin of 2.59% and a return on equity of 350.65%. The company had revenue of £515.70 million during the quarter. On average, equities analysts anticipate that Smiths News plc will post 10.5555556 earnings per share 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.