Smiths News (LON:SNWS) Stock Price Down 1.1% – Here’s Why

Smiths News plc (LON:SNWS) shares dropped 1.1% on Friday . The company traded as low as GBX 68 and last traded at GBX 69. Approximately 255,019 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 646,257 shares. The stock had previously closed at GBX 69.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNWS shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 price objective on shares of Smiths News in a report on Friday, July 17th. Berenberg Bank restated a “buy” rating and issued a GBX 85 price target on shares of Smiths News in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 91.67.

Smiths News Stock Down 1.1%

The company has a debt-to-equity ratio of 501.69, a current ratio of 0.90 and a quick ratio of 0.83. The firm’s 50-day moving average price is GBX 69.81 and its 200 day moving average price is GBX 67.83. The firm has a market capitalization of £167.00 million, a price-to-earnings ratio of 6.45, a price-to-earnings-growth 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.