Smiths News (LON:SNWS) Trading Up 0.7% - Here's What Happened

Key Points

• Smiths News plc's stock price increased by 0.7% to GBX 60 on Tuesday, with total trading volume dropping by 37% from the average daily volume.
• Analysts are optimistic, with a consensus rating of "Buy" and an average price target of GBX 88.33, with some estimates as high as GBX 95.
• The company's market capitalization is £143.80 million, and it dominates the market with a 55% share in the UK newspaper wholesaling sector.

Smiths News plc (LON:SNWS - Get Free Report)'s stock price was up 0.7% on Tuesday . The company traded as high as GBX 60.40 ($0.80) and last traded at GBX 60 ($0.80). Approximately 233,878 shares traded hands during trading, a decline of 37% from the average daily volume of 374,039 shares. The stock had previously closed at GBX 59.60 ($0.79).

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Canaccord Genuity Group reissued a "buy" rating and set a GBX 95 price target on shares of Smiths News in a report on Tuesday, September 23rd. Berenberg Bank reissued a "buy" rating and set a GBX 75 price target on shares of Smiths News in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 88.33.

Smiths News Trading Up 0.7%

The firm has a fifty day simple moving average of GBX 57.94 and a 200-day simple moving average of GBX 56.86. The firm has a market cap of £143.80 million, a P/E ratio of 545.45, a price-to-earnings-growth 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.

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.

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