Smiths News (LON:SNWS) Price Target Raised to GBX 110

Smiths News (LON:SNWS) had its target price hoisted by Berenberg Bank from GBX 88 to GBX 110 in a research note published on Wednesday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a report on Friday, October 16th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Smiths News presently has an average rating of “Buy” and an average price target of GBX 103.33.

Smiths News Trading Up 2.0%

LON:SNWS opened at GBX 70 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 288.79. The company has a 50-day moving average price of GBX 73.87 and a 200-day moving average price of GBX 69.36. Smiths News has a 12 month low of GBX 59.60 and a 12 month high of GBX 86. The stock has a market cap of £169.42 million, a price-to-earnings ratio of 6.54, a P/E/G ratio of 0.29 and a beta of 0.31.

Smiths News (LON:SNWS) last released its quarterly earnings data on Wednesday, November 4th. The company reported GBX 11.30 EPS for the quarter. The business had revenue of GBX 103.62 billion during the quarter. Smiths News had a net margin of 2.35% and a return on equity of 293.98%. Equities analysts predict that Smiths News will post 10.56 EPS for the current 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.