Smiths News (LON:SNWS) Trading 0.3% Higher – Should You Buy?

Smiths News plc (LON:SNWS)’s share price was up 0.3% during mid-day trading on Thursday . The company traded as high as GBX 70 and last traded at GBX 67.20. Approximately 604,547 shares were traded during trading, a decline of 49% from the average daily volume of 1,179,136 shares. The stock had previously closed at GBX 67.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SNWS. Berenberg Bank raised their target price on Smiths News from GBX 75 to GBX 80 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 87.50.

Smiths News Trading Up 1.8%

The company has a debt-to-equity ratio of -1,469.70, a quick ratio of 0.83 and a current ratio of 0.98. The firm has a 50 day simple moving average of GBX 70.46 and a two-hundred day simple moving average of GBX 63.30. The firm has a market capitalization of £165.55 million, a P/E ratio of 6.05, a PEG ratio of 0.29 and a beta of 0.83.

Insider Activity

In related news, insider Deborah Rabey purchased 13,866 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was bought at an average price of GBX 71 per share, for a total transaction of £9,844.86. Also, insider Manju Malhotra acquired 30,006 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of GBX 66 per share, for a total transaction of £19,803.96. 2.63% of the stock is currently owned by corporate insiders.

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.