Smiths News (LON:SNWS) Earns Buy Rating from Berenberg Bank

Smiths News (LON:SNWS – Get Rating)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a GBX 50 ($0.62) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 37.61% from the company’s current price.

Shares of Smiths News stock opened at GBX 36.33 ($0.45) on Wednesday. The company has a 50-day simple moving average of GBX 34.05. Smiths News has a 52-week low of GBX 31.80 ($0.40) and a 52-week high of GBX 47.50 ($0.59). The company has a market capitalization of £90.00 million and a PE ratio of 3.53.

Smiths News Company Profile (Get Rating)

Smiths News plc, together with its subsidiaries, engages in the wholesaling of newspapers and magazines in the United Kingdom and internationally. It also supplies inflight entertainment to airlines and travel points; and offers field-based merchandising and marketing, supply chain auditing, and compliance solutions to retailers and suppliers.

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