Smiths News (LON:SNWS) Trading 0.4% Higher - Time to Buy?

Key Points

• Shares of Smiths News plc rose by 0.4%, closing at GBX 55.80 ($0.74), with a trading volume decline of 25% compared to its average session.
• Wall Street analysts, specifically Canaccord Genuity Group, maintained a "buy" rating and set a price target of GBX 95 ($1.26) for the stock.
• Smiths News reported an earnings per share (EPS) of GBX 5.40 ($0.07) for the quarter, with analysts forecasting an EPS of 10.56 for the current fiscal year.

Smiths News plc (LON:SNWS - Get Free Report) was up 0.4% on Tuesday . The stock traded as high as GBX 56.60 ($0.76) and last traded at GBX 55.80 ($0.75). Approximately 290,501 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 387,814 shares. The stock had previously closed at GBX 55.60 ($0.75).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 95 ($1.28) price target on shares of Smiths News in a report on Wednesday, May 7th.

Smiths News Price Performance

The stock has a market cap of £131.54 million, a price-to-earnings ratio of 5.16, a P/E/G ratio of 0.29 and a beta of 0.83. 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 stock's 50 day simple moving average is GBX 57.28 and its two-hundred day simple moving average is GBX 56.89.

Smiths News (LON:SNWS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported GBX 5.40 ($0.07) earnings per share for the quarter. Smiths News had a net margin of 2.31% and a negative return on equity of 296.51%. On average, analysts forecast that Smiths News plc will post 10.5555556 earnings per share 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.