Smiths News (LON:SNWS) Price Target Raised to GBX 88

Smiths News (LON:SNWS) had its price objective boosted by Berenberg Bank from GBX 85 to GBX 88 in a research note issued to investors on Tuesday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a report on Tuesday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Smiths News currently has a consensus rating of “Buy” and an average target price of GBX 92.67.

Smiths News Price Performance

Smiths News stock opened at GBX 74.03 on Tuesday. Smiths News has a 1 year low of GBX 0.74 and a 1 year high of GBX 79.40. The company has a debt-to-equity ratio of 501.69, a quick ratio of 0.83 and a current ratio of 0.90. The firm has a 50 day moving average price of GBX 70.13 and a 200 day moving average price of GBX 68.19. The company has a market cap of £179.19 million, a price-to-earnings ratio of 6.92, a PEG ratio of 0.29 and a beta of 0.31.

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.