Smiths News (LON:SNWS) Shares Down 1.1% – Here’s Why

Smiths News plc (LON:SNWS)’s share price traded down 1.1% during trading on Friday . The company traded as low as GBX 68 and last traded at GBX 69. 255,019 shares traded hands during trading, a decline of 61% from the average daily volume of 646,257 shares. The stock had previously closed at GBX 69.80.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 85 target price on shares of Smiths News in a report on Monday, June 29th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 price objective on shares of Smiths News in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 91.67.

Smiths News Stock Performance

The company has a market cap of £167.00 million, a PE ratio of 6.45, a P/E/G ratio of 0.29 and a beta of 0.31. The stock’s 50 day simple moving average is GBX 69.81 and its two-hundred day simple moving average is GBX 67.83. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 501.69.

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.