Smiths News (LON:SNWS) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Smiths News plc (LON:SNWS – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 69.34 and traded as low as GBX 68. Smiths News shares last traded at GBX 68.60, with a volume of 8,234,520 shares changing hands.

Key Headlines Impacting Smiths News

Here are the key news stories impacting Smiths News this week:

Wall Street Analyst Weigh In

Several brokerages have issued reports on SNWS. Berenberg Bank raised their price objective on shares of Smiths News from GBX 88 to GBX 110 and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity Group upped their target price on Smiths News from GBX 95 to GBX 105 and gave the company a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Smiths News has a consensus rating of “Buy” and a consensus target price of GBX 103.33.

View Our Latest Research Report on SNWS

Smiths News Stock Performance

The company has a debt-to-equity ratio of 288.79, a current ratio of 0.95 and a quick ratio of 0.83. The company has a market capitalization of £166.04 million, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.29 and a beta of 0.31. The business’s 50-day moving average price is GBX 73.85 and its two-hundred day moving average price is GBX 69.34.

Smiths News (LON:SNWS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported GBX 11.30 earnings per share (EPS) for the quarter. Smiths News had a return on equity of 293.98% and a net margin of 2.35%. The business had revenue of GBX 103.62 billion for the quarter. Research analysts predict that Smiths News plc will post 10.56 earnings per share for the current year.

Smiths News Company Profile

(Get Free Report)

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.

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