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

Canaccord Genuity Group restated their buy rating on shares of Smiths News (LON:SNWS - Free Report) in a research note released on Wednesday morning, Marketbeat.com reports. They currently have a GBX 95 ($1.26) price target on the stock.

Smiths News Stock Performance

Shares of SNWS stock traded down GBX 0.60 ($0.01) during trading on Wednesday, reaching GBX 57.20 ($0.76). The company had a trading volume of 532,733 shares, compared to its average volume of 431,998. The firm's 50 day simple moving average is GBX 53.76 and its two-hundred day simple moving average is GBX 58.74. Smiths News has a one year low of GBX 45.40 ($0.60) and a one year high of GBX 71 ($0.94). 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 company has a market capitalization of £137.30 million, a PE ratio of 5.39, a PEG ratio of 0.29 and a beta of 0.83.

Smiths News (LON:SNWS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported GBX 5.40 ($0.07) EPS for the quarter. Smiths News had a net margin of 2.31% and a negative return on equity of 296.51%. Sell-side 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.