Berenberg Bank Issues Positive Forecast for Smiths News (LON:SNWS) Stock Price

Smiths News (LON:SNWS) had its price target lifted by equities researchers at Berenberg Bank from GBX 75 to GBX 80 in a note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 21.58% from the company’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 95 target price on shares of Smiths News in a report on Tuesday, September 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Smiths News has a consensus rating of “Buy” and an average price target of GBX 90.

Smiths News Trading Up 4.1%

Shares of SNWS traded up GBX 2.60 during trading hours on Tuesday, reaching GBX 65.80. 2,145,905 shares of the company traded hands, compared to its average volume of 377,414. Smiths News has a 12 month low of GBX 45.40 and a 12 month high of GBX 71. The company has a market capitalization of £157.70 million, a price-to-earnings ratio of 5.98, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of -1,469.70. The company’s fifty day moving average price is GBX 59.39 and its two-hundred day moving average price is GBX 57.84.

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.