Smiths News' (SNWS) "Buy" Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated its "Buy" rating for Smiths News (SNWS), with a target price of GBX 95, implying a potential upside of 58.08%.
• Berenberg Bank also maintains a "Buy" rating, setting a price objective of GBX 75, contributing to a consensus rating of "Buy" among analysts.
• Smiths News has demonstrated positive stock performance, with its current share price at GBX 60.10, and a market capitalization of £144.03 million.

Smiths News (LON:SNWS - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 95 target price on the stock. Canaccord Genuity Group's price objective points to a potential upside of 58.08% from the company's previous close.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 75 price objective on shares of Smiths News in a research report on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 88.33.

Smiths News Stock Performance

SNWS stock opened at GBX 60.10 on Tuesday. The stock's 50 day simple moving average is GBX 56.47 and its 200 day simple moving average is GBX 56.18. 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. Smiths News has a 12-month low of GBX 45.40 and a 12-month high of GBX 71. The stock has a market capitalization of £144.03 million, a PE ratio of 546.32, a price-to-earnings-growth ratio of 0.29 and a beta 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.