Berenberg Bank Issues Positive Forecast for Smiths News (LON:SNWS) Stock Price

Smiths News (LON:SNWS) had its price target hoisted by Berenberg Bank from GBX 75 to GBX 80 in a research report released on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 87.50.

Smiths News Trading Up 4.1%

Shares of SNWS opened at GBX 65.80 on Tuesday. Smiths News has a 1 year low of GBX 45.40 and a 1 year high of GBX 71. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of -1,469.70. The stock has a 50 day simple moving average of GBX 59.57 and a 200-day simple moving average of GBX 57.93. The stock has a market cap of £157.70 million, a PE ratio of 5.98, a PEG ratio of 0.29 and a beta of 0.83.

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.