Smiths News’ (SNWS) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Smiths News (LON:SNWS) in a report released on Friday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 95 price target on the stock.

A number of other brokerages also recently issued reports on SNWS. Berenberg Bank reiterated a “buy” rating and set a GBX 85 price target on shares of Smiths News in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 95 price objective on shares of Smiths News in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Smiths News currently has an average rating of “Buy” and an average price target of GBX 91.67.

Smiths News Stock Performance

Shares of SNWS stock opened at GBX 70 on Friday. The stock has a market capitalization of £169.42 million, a PE ratio of 6.54, a PEG ratio of 0.29 and a beta of 0.31. Smiths News has a one year low of GBX 54 and a one year high of GBX 79.40. The business’s 50 day simple moving average is GBX 67.43 and its 200 day simple moving average is GBX 67.84. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83.

Smiths News (LON:SNWS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported GBX 5.20 earnings per share (EPS) for the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.The company had revenue of £515.70 million for the quarter. As a group, research analysts forecast that Smiths News will post 10.5555556 earnings per share for the current year.

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.