Smiths News (LON:SNWS) Stock Gets Price Target Bump from Canaccord Genuity Group

Key Points

• Canaccord Genuity raised its Smiths News price target from GBX 95 to GBX 105 and maintained a “buy” rating, implying 46.58% upside from the current share price.
• Berenberg also raised its target, from GBX 88 to GBX 110, and rated the stock “buy”; analysts’ consensus rating is “Buy” with an average target of GBX 103.33.
• Smiths News shares were reported down 11.8%, opening at GBX 71.63 on Wednesday.

Smiths News (LON:SNWS - Get Free Report) had its target price lifted by equities researchers at Canaccord Genuity Group from GBX 95 to GBX 105 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 46.58% from the stock's current price.

Separately, Berenberg Bank boosted their target price on Smiths News from GBX 88 to GBX 110 and gave the company a "buy" rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 103.33.

Smiths News Trading Down 11.8%

Shares of LON SNWS opened at GBX 71.63 on Wednesday. The business's 50 day moving average is GBX 73.77 and its two-hundred day moving average is GBX 69.32. 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 has a 1-year low of GBX 59.60 and a 1-year high of GBX 86. The stock has a market capitalization of £173.37 million, a P/E ratio of 6.69, a PEG ratio of 0.29 and a beta of 0.31.

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

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