Smiths News (LON:SNWS) Trading Down 1.1% – Time to Sell?

Smiths News plc (LON:SNWS) shares were down 1.1% during mid-day trading on Friday . The stock traded as low as GBX 71 and last traded at GBX 71.60. Approximately 368,690 shares were traded during trading, a decline of 59% from the average daily volume of 893,410 shares. The stock had previously closed at GBX 72.40.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SNWS. Berenberg Bank raised their price target on Smiths News from GBX 75 to GBX 80 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 87.50.

Smiths News Trading Down 1.1%

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 50-day moving average of GBX 70.81 and a two-hundred day moving average of GBX 64.80. The company has a market cap of £173.30 million, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83.

Insider Activity at Smiths News

In related news, insider Jonathan Bunting sold 442,530 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of GBX 68, for a total value of £300,920.40. Also, insider Deborah Rabey purchased 13,866 shares of Smiths News stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average price of GBX 71 per share, for a total transaction of £9,844.86. Company insiders own 2.92% of the company’s stock.

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. Our teams go further, when others stop, striving to meet the highest standards in all we do.