Smiths News (LON:SNWS) Stock Price Down 2.2% – What’s Next?

Smiths News plc (LON:SNWS)’s stock price dropped 2.2% during mid-day trading on Friday . The company traded as low as GBX 71.40 and last traded at GBX 71.40. 268,669 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 695,772 shares. The stock had previously closed at GBX 73.

Wall Street Analysts Forecast Growth

SNWS has been the subject of several recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 price target on shares of Smiths News in a report on Friday, July 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 85 price objective on shares of Smiths News in a research note on Monday, June 29th. 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 91.67.

Smiths News Price Performance

The company has a market cap of £172.81 million, a price-to-earnings ratio of 6.67, a PEG ratio of 0.29 and a beta of 0.31. The company has a 50-day simple moving average of GBX 68.64 and a 200-day simple moving average of GBX 67.68. The company has a debt-to-equity ratio of 501.69, a quick ratio of 0.83 and a current ratio of 0.90.

Smiths News (LON:SNWS) last posted its quarterly earnings results 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 business had revenue of £515.70 million during the quarter. As a group, research analysts predict that Smiths News plc will post 10.5555556 earnings per share 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.