Canaccord Genuity Group Reiterates Buy Rating for Smiths News (LON:SNWS)

Key Points

• Analysts reiterated a Buy on Smiths News, with Canaccord Genuity setting a GBX 95 target (implying ~41.3% upside) and Berenberg at GBX 85, leaving a consensus target of GBX 90 and an overall Buy consensus.
• Shares traded at GBX 67.25 after the company reported GBX 5.20 EPS for the quarter on £515.7m revenue; valuation and balance-sheet metrics include a market cap of £162.77m, P/E 5.95 and a high debt-to-equity 338.95.

Smiths News (LON:SNWS - Get Free Report)'s stock had its "buy" rating reiterated by Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 95 target price on the stock. Canaccord Genuity Group's price objective points to a potential upside of 41.26% from the stock's current price.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 85 price target on shares of Smiths News in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 90.

Smiths News Price Performance

SNWS traded up GBX 2.25 during midday trading on Wednesday, hitting GBX 67.25. The company had a trading volume of 583,402 shares, compared to its average volume of 757,715. The company has a debt-to-equity ratio of 338.95, a quick ratio of 0.83 and a current ratio of 0.94. The company has a market capitalization of £162.77 million, a PE ratio of 5.95, a P/E/G ratio of 0.29 and a beta of 0.33. Smiths News has a twelve month low of GBX 53.20 and a twelve month high of GBX 79.40. The firm's 50-day simple moving average is GBX 66.30 and its 200-day simple moving average is GBX 67.85.

Smiths News (LON:SNWS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported GBX 5.20 earnings per share for the quarter. The firm had revenue of £515.70 million during the quarter. Smiths News had a net margin of 2.66% and a return on equity of 744.74%. Equities research analysts predict that Smiths News will post 10.5555556 EPS for the current fiscal 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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