Smiths News’ (SNWS) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Smiths News (LON:SNWS) in a research note published on Friday morning, MarketBeat reports. They currently have a GBX 95 target price on the stock.

Several other research firms have also recently commented on SNWS. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 95 price target on shares of Smiths News in a report on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 85 price objective on shares of Smiths News in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 91.67.

Smiths News Price Performance

Shares of Smiths News stock opened at GBX 70 on Friday. The stock has a 50-day moving average price of GBX 67.43 and a 200 day moving average price of GBX 67.78. 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 current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 501.69. Smiths News has a 1 year low of GBX 54 and a 1 year high of GBX 79.40.

Smiths News (LON:SNWS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported GBX 5.20 EPS for the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.The firm had revenue of £515.70 million during the quarter. As a group, analysts expect that Smiths News will post 10.5555556 EPS 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.