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

Canaccord Genuity Group reiterated their buy rating on shares of Smiths News (LON:SNWS) in a research note released on Tuesday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 95 price objective on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 85 price objective on shares of Smiths News in a research report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 92.67.

Smiths News Stock Down 2.1%

Smiths News stock opened at GBX 74.03 on Tuesday. The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. Smiths News has a 1-year low of GBX 0.74 and a 1-year high of GBX 79.40. The company has a market cap of £179.19 million, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. The stock’s 50 day moving average price is GBX 70.13 and its 200 day moving average price is GBX 68.19.

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.