Liberum Capital boosted their price target on shares of Smiths News Plc (LON:NWS) from GBX 203 ($3.24) to GBX 220 ($3.51) in a research note issued on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price suggests a potential upside of 5.77% from the stock’s previous close.
Smiths News Plc (LON:NWS) traded down 0.48% on Wednesday, hitting GBX 209.00. The stock had a trading volume of 451,831 shares. Smiths News Plc has a 1-year low of GBX 138.00 and a 1-year high of GBX 211.75. The stock’s 50-day moving average is GBX 187.3 and its 200-day moving average is GBX 176.9. The company’s market cap is £380.2 million.
A number of other firms have also recently commented on NWS. Analysts at Evercore Partners initiated coverage on shares of Smiths News Plc in a research note to investors on Tuesday, October 1st. They set an “equal weight” rating and a GBX 18 ($0.29) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Smiths News Plc from GBX 213 ($3.40) to GBX 236 ($3.77) in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG initiated coverage on shares of Smiths News Plc in a research note to investors on Monday, August 19th. They set a “buy” rating and a GBX 19 ($0.30) price target on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 93.29 ($1.49).
Smiths News PLC is engaged in the distribution of newspapers, magazines, books and consumable products.
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