Smiths News (LON:SNWS) Shares Down 0.3% – Time to Sell?

Smiths News plc (LON:SNWS) traded down 0.3% during mid-day trading on Thursday . The stock traded as low as GBX 66 and last traded at GBX 67. 176,737 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 690,160 shares. The stock had previously closed at GBX 67.20.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a research report on Wednesday, May 6th. Berenberg Bank restated a “buy” rating and issued a GBX 85 price target on shares of Smiths News in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 91.67.

Smiths News Stock Performance

The firm has a market capitalization of £163.13 million, a price-to-earnings ratio of 5.96, a price-to-earnings-growth ratio of 0.29 and a beta of 0.33. The firm’s 50-day moving average price is GBX 66.73 and its two-hundred day moving average price is GBX 68.39. 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 (LON:SNWS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported GBX 5.20 earnings per share (EPS) for the quarter. Smiths News had a net margin of 2.59% and a return on equity of 350.65%. The firm had revenue of £515.70 million during the quarter. Sell-side analysts predict that Smiths News plc will post 10.5555556 earnings per share for the current 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.