Canaccord Genuity Group Reaffirms “Buy” Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report released on Tuesday, MarketBeat.com reports. They presently have a GBX 95 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 28.32% from the stock’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 85 target price 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 MarketBeat.com, Smiths News has an average rating of “Buy” and a consensus target price of GBX 92.67.

Smiths News Price Performance

Shares of LON:SNWS opened at GBX 74.03 on Tuesday. The company has a debt-to-equity ratio of 501.69, a quick ratio of 0.83 and a current ratio of 0.90. Smiths News has a 52 week low of GBX 0.74 and a 52 week high of GBX 79.40. The firm 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 firm’s fifty day moving average is GBX 70.13 and its 200-day moving average is GBX 68.19.

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. Our teams go further, when others stop, striving to meet the highest standards in all we do.