Smiths News (LON:SNWS) Receives “Buy” Rating from Berenberg Bank

Smiths News (LON:SNWS)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 85 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 21.43% from the company’s previous close.

SNWS has been the topic of several other research reports. 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 reaffirmed a “buy” rating and set a GBX 95 price target on shares of Smiths News in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 91.67.

Smiths News Stock Performance

Shares of SNWS stock opened at GBX 70 on Monday. The firm has a 50-day moving average of GBX 66.93 and a 200-day moving average of GBX 68.06. The company has a market cap of £169.42 million, a P/E ratio of 6.54, a P/E/G ratio of 0.29 and a beta of 0.31. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. Smiths News has a one year low of GBX 54 and a one year high of GBX 79.40.

Smiths News (LON:SNWS) last released its quarterly earnings results on Wednesday, May 6th. The company reported GBX 5.20 earnings per share for the quarter. Smiths News had a net margin of 2.59% and a return on equity of 350.65%. The business had revenue of £515.70 million for the quarter. Equities research analysts forecast that Smiths News will post 10.5555556 EPS for the current fiscal year.

About Smiths News

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.