Smiths News (LON:SNWS) Trading Down 2.2% – Here’s Why

Smiths News plc (LON:SNWS)’s stock price fell 2.2% during mid-day trading on Friday . The stock traded as low as GBX 71.40 and last traded at GBX 71.40. Approximately 268,669 shares traded hands during trading, a decline of 61% from the average session volume of 695,772 shares. The stock had previously closed at GBX 73.

Analyst Upgrades and Downgrades

SNWS has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 85 price objective on shares of Smiths News in a research note on Monday, June 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 price target on shares of Smiths News in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 95 price objective on shares of Smiths News in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 91.67.

Smiths News Stock Performance

The company has a fifty day moving average price of GBX 68.64 and a 200 day moving average price of GBX 67.68. 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 stock has a market cap of £172.81 million, a P/E ratio of 6.67, a P/E/G ratio of 0.29 and a beta of 0.31.

Smiths News (LON:SNWS) last released its quarterly earnings data on Wednesday, May 6th. The company reported GBX 5.20 earnings per share 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 for the quarter. On average, equities analysts expect that Smiths News plc will post 10.5555556 EPS 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.