Smiths News (LON:SNWS) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reissued a "buy" rating for Smiths News, setting a target price of GBX 75, which suggests a potential upside of 34.25% from its previous close.
• Canaccord Genuity Group also maintains a "buy" rating with a higher target price of GBX 95, contributing to a consensus rating of "Buy" among three analysts.
• Smiths News has a market capitalization of £133.90 million and operates with a strong market presence, holding a 55% market share in the UK newspaper and magazine wholesale industry.

Berenberg Bank restated their buy rating on shares of Smiths News (LON:SNWS - Free Report) in a research note released on Wednesday, MarketBeat Ratings reports. The brokerage currently has a GBX 75 target price on the stock.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 95 price objective on shares of Smiths News in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 88.33.

Smiths News Stock Up 0.4%

SNWS stock traded up GBX 0.20 during trading on Wednesday, reaching GBX 57.20. The stock had a trading volume of 528,261 shares, compared to its average volume of 391,904. Smiths News has a 1-year low of GBX 45.40 and a 1-year high of GBX 71. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of -1,469.70. The company has a market capitalization of £137.09 million, a P/E ratio of 520.00, a PEG ratio of 0.29 and a beta of 0.83. The firm has a fifty day moving average price of GBX 56.45 and a 200 day moving average price of GBX 56.19.

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.