Smiths News (LON:SNWS) Trading Up 1.1% - Should You Buy?

Key Points

• Smiths News shares rose 1.1% during trading, with the stock currently priced at GBX 57.20 ($0.77) after reaching as high as GBX 58.80 ($0.79).
• Canaccord Genuity has maintained a "buy" rating for Smiths News, setting a price target of GBX 95, reflecting positive market sentiment.
• The company has a market capitalization of £137.30 million and a low price-to-earnings ratio of 5.39, indicating potential value for investors.

Shares of Smiths News plc (LON:SNWS - Get Free Report) were up 1.1% during trading on Wednesday . The company traded as high as GBX 58.80 ($0.79) and last traded at GBX 57.20 ($0.77). Approximately 460,563 shares changed hands during trading, an increase of 18% from the average daily volume of 390,712 shares. The stock had previously closed at GBX 56.60 ($0.76).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 95 price objective on shares of Smiths News in a report on Wednesday, May 7th. Two investment 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 price target of GBX 95.

Smiths News Trading Up 1.1%

The stock has a market capitalization of £137.30 million, a price-to-earnings ratio of 5.39, 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 quick ratio of 0.83 and a current ratio of 0.98. The firm has a fifty day moving average of GBX 56.50 and a 200-day moving average of GBX 56.41.

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.

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