Smiths News (LON:SNWS) Trading 0.3% Higher – Still a Buy?

Smiths News plc (LON:SNWS)’s stock price shot up 0.3% during mid-day trading on Thursday . The company traded as high as GBX 70 and last traded at GBX 67.20. 604,547 shares traded hands during trading, a decline of 49% from the average session volume of 1,179,136 shares. The stock had previously closed at GBX 67.

Wall Street Analyst Weigh In

Several analysts recently commented on SNWS shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 target price on shares of Smiths News in a research note on Tuesday, November 4th. Berenberg Bank upped their price target on Smiths News from GBX 75 to GBX 80 and gave the company a “buy” rating in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 87.50.

Smiths News Price Performance

The company has a debt-to-equity ratio of -1,469.70, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a market cap of £162.65 million, a price-to-earnings ratio of 5.95, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The stock’s fifty day moving average price is GBX 70.46 and its 200-day moving average price is GBX 63.22.

Insider Buying and Selling at Smiths News

In other Smiths News news, insider Manju Malhotra bought 30,006 shares of Smiths News stock in a transaction dated Friday, November 14th. The stock was bought at an average price of GBX 66 per share, for a total transaction of £19,803.96. Also, insider Jonathan Bunting sold 147,705 shares of Smiths News stock in a transaction on Friday, December 5th. The shares were sold at an average price of GBX 69, for a total value of £101,916.45. Company insiders own 2.63% of the company’s stock.

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.