Smiths News (LON:SNWS) Stock Gets Price Target Bump from Berenberg Bank

Key Points

• Berenberg Bank raised its price target on Smiths News from GBX 88 to GBX 110 and maintained a Buy rating, implying 49.05% potential upside from the current share price.
• Analyst sentiment is positive: all three analysts cited rate the stock Buy, with a consensus target price of GBX 100; Canaccord Genuity reiterated its Buy rating with a GBX 95 target.
• Smiths News reported quarterly EPS of GBX 11.30 and revenue of GBX 103.62 billion. The shares opened at GBX 73.80 on Wednesday, and the article notes they were down 9.1%.

Smiths News (LON:SNWS - Get Free Report) had its price target hoisted by equities researchers at Berenberg Bank from GBX 88 to GBX 110 in a research report issued to clients and investors on Wednesday, Digital Look reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 49.05% from the stock's current price.

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 95 target price on shares of Smiths News in a research report on Friday, October 16th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Smiths News presently has a consensus rating of "Buy" and a consensus target price of GBX 100.

Smiths News Stock Down 9.1%

SNWS opened at GBX 73.80 on Wednesday. The company has a market capitalization of £178.62 million, a P/E ratio of 6.90, a P/E/G ratio of 0.29 and a beta of 0.31. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. The firm's fifty day moving average price is GBX 73.77 and its two-hundred day moving average price is GBX 69.32. Smiths News has a fifty-two week low of GBX 59.60 and a fifty-two week high of GBX 86.

Smiths News (LON:SNWS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported GBX 11.30 earnings per share (EPS) for the quarter. The company had revenue of GBX 103.62 billion during the quarter. Smiths News had a net margin of 2.59% and a return on equity of 350.65%. On average, analysts anticipate that Smiths News will post 10.56 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.