Canaccord Genuity Group Reiterates “Buy” Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 95 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 44.38% from the company’s previous close.

Separately, Berenberg Bank increased their price target on shares of Smiths News from GBX 75 to GBX 80 and gave the stock a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 90.

Smiths News Stock Performance

Shares of SNWS traded up GBX 2.60 during trading hours on Tuesday, reaching GBX 65.80. 2,145,905 shares of the company traded hands, compared to its average volume of 377,414. Smiths News has a 1-year low of GBX 45.40 and a 1-year high of GBX 71. The company has a debt-to-equity ratio of -1,469.70, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of £157.70 million, a P/E ratio of 5.98, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The stock’s fifty day moving average is GBX 59.39 and its 200 day moving average is GBX 57.84.

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.