Smiths News (LON:SNWS) Trading Down 2.2% – Time to Sell?

Shares of Smiths News plc (LON:SNWS) dropped 2.2% during mid-day trading on Friday . The stock traded as low as GBX 71.40 and last traded at GBX 71.40. Approximately 268,669 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 695,772 shares. The stock had previously closed at GBX 73.

Analyst Ratings Changes

A number of brokerages recently weighed in on SNWS. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a research report on Thursday, May 7th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 85 price objective on shares of Smiths News in a report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Smiths News has a consensus rating of “Buy” and an average price target of GBX 91.67.

Smiths News Trading Down 2.2%

The firm has a 50-day simple moving average of GBX 68.64 and a 200-day simple moving average of GBX 67.68. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 501.69. The stock has a market cap of £172.81 million, a PE ratio of 6.67, a P/E/G ratio of 0.29 and a beta of 0.31.

Smiths News (LON:SNWS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported GBX 5.20 earnings per share for the quarter. Smiths News had a return on equity of 350.65% and a net margin of 2.59%.The company had revenue of £515.70 million during the quarter. Equities analysts forecast that Smiths News plc will post 10.5555556 earnings per share for the current 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. Our teams go further, when others stop, striving to meet the highest standards in all we do.