Smiths News (LON:SNWS) Trading Up 0.9% – Here’s Why

Smiths News plc (LON:SNWS) shares rose 0.9% on Friday . The stock traded as high as GBX 69.60 and last traded at GBX 69.60. Approximately 426,037 shares were traded during trading, a decline of 36% from the average daily volume of 662,309 shares. The stock had previously closed at GBX 69.

Analysts Set New Price Targets

A number of brokerages have commented on SNWS. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 95 target price on shares of Smiths News in a research note on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 85 price target on shares of Smiths News in a research report on Monday, June 29th. Finally, 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 91.67.

Smiths News Stock Up 0.9%

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 firm’s 50-day moving average price is GBX 69.97 and its 200 day moving average price is GBX 67.95. The firm has a market cap of £168.46 million, a P/E ratio of 6.50, a price-to-earnings-growth ratio of 0.29 and a beta of 0.32.

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.