Research analysts at Evercore Partners began coverage on shares of Smiths News Plc (LON:NWS) in a report released on Tuesday, Stock Ratings Network.com reports. The firm set an “equal weight” rating and a GBX 18 ($0.29) price target on the stock. Evercore Partners’ price target suggests a potential downside of 91.07% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Smiths News Plc (LON:NWS) from GBX 213 ($3.44) to GBX 236 ($3.81) in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Smiths News Plc (LON:NWS) in a research note to investors on Friday, August 30th. They now have a GBX 203 ($3.28) price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of Smiths News Plc (LON:NWS) in a research note to investors on Monday, August 19th. They set a “buy” rating and a GBX 19 ($0.31) price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 92.07 ($1.49).
Smiths News Plc (LON:NWS) traded up 1.86% during mid-day trading on Tuesday, hitting GBX 205.25. 71,863 shares of the company’s stock traded hands. Smiths News Plc has a 52-week low of GBX 122.75 and a 52-week high of GBX 211.75. The stock has a 50-day moving average of GBX 187.3 and a 200-day moving average of GBX 176.9. The company’s market cap is £373.3 million.
Smiths News PLC is engaged in the distribution of newspapers, magazines, books and consumable products.
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