Smiths News (LON:SNWS) Trading Up 0.9% – Time to Buy?

Smiths News plc (LON:SNWS) shares rose 0.9% during mid-day trading on Friday . The company traded as high as GBX 69.60 and last traded at GBX 69.60. 426,037 shares traded hands during trading, a decline of 36% from the average session volume of 662,309 shares. The stock had previously closed at GBX 69.

Analyst Upgrades and Downgrades

SNWS has been the topic of several recent research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 85 price target on shares of Smiths News in a report on Monday, June 29th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 price objective on shares of Smiths News in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 95 price objective on shares of Smiths News in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 91.67.

Smiths News Trading Up 0.9%

The firm has a market cap of £168.46 million, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.29 and a beta of 0.32. The business has a 50 day moving average of GBX 69.97 and a 200 day moving average of GBX 67.95. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 501.69.

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.