Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 95 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 40.08% from the company’s current price.

A number of other research analysts have also weighed in on SNWS. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 95 price objective on shares of Smiths News in a research note on Wednesday. Berenberg Bank reissued a “buy” rating and set a GBX 85 target price on shares of Smiths News in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Smiths News has an average rating of “Buy” and an average price target of GBX 91.67.

Smiths News Stock Up 1.8%

Smiths News stock traded up GBX 1.22 during mid-day trading on Thursday, reaching GBX 67.82. The stock had a trading volume of 347,143 shares, compared to its average volume of 754,689. The firm has a market capitalization of £164.14 million, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.33. Smiths News has a fifty-two week low of GBX 53.20 and a fifty-two week high of GBX 79.40. The stock’s 50-day simple moving average is GBX 66.26 and its 200-day simple moving average is GBX 67.91. The company has a debt-to-equity ratio of 338.95, a quick ratio of 0.83 and a current ratio of 0.94.

Smiths News (LON:SNWS) last issued its earnings results on Wednesday, May 6th. The company reported GBX 5.20 earnings per share (EPS) for the quarter. Smiths News had a return on equity of 744.74% and a net margin of 2.66%.The company had revenue of £515.70 million for the quarter. On average, sell-side analysts forecast that Smiths News will post 10.5555556 EPS for the current fiscal year.

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.