Smiths News (LON:SNWS) Earns Buy Rating from Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued on Friday, Marketbeat Ratings reports. They currently have a GBX 95 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 35.71% from the company’s previous close.

Several other research analysts have also recently issued reports on SNWS. Berenberg Bank reissued a “buy” rating and set a GBX 85 target price on shares of Smiths News in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Smiths News presently has an average rating of “Buy” and an average target price of GBX 91.67.

Smiths News Stock Performance

SNWS opened at GBX 70 on Friday. Smiths News has a 12-month low of GBX 54 and a 12-month high of GBX 79.40. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 501.69. The firm has a market capitalization of £169.42 million, a PE ratio of 6.54, a P/E/G ratio of 0.29 and a beta of 0.31. The firm has a 50 day moving average of GBX 67.43 and a two-hundred day moving average of GBX 67.84.

Smiths News (LON:SNWS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported GBX 5.20 EPS for the quarter. The business had revenue of £515.70 million during the quarter. Smiths News had a net margin of 2.59% and a return on equity of 350.65%. On average, analysts anticipate 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.