Berenberg Bank Reaffirms Buy Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Monday,Digital Look reports. They presently have a GBX 85 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 21.43% from the stock’s previous close.

A number of other research analysts have also weighed in on SNWS. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 95 price objective on shares of Smiths News in a research note on Thursday, May 7th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 95 price objective on shares of Smiths News in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 91.67.

Smiths News Trading Up 3.6%

Shares of SNWS opened at GBX 70 on Monday. The business has a 50-day moving average of GBX 66.93 and a 200 day moving average of GBX 68.06. Smiths News has a fifty-two week low of GBX 54 and a fifty-two week high of GBX 79.40. The firm has a market cap of £169.42 million, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.29 and a beta of 0.31. The company has a debt-to-equity ratio of 501.69, a quick ratio of 0.83 and a current ratio of 0.90.

Smiths News (LON:SNWS) last released its quarterly earnings data on Wednesday, May 6th. The company reported GBX 5.20 EPS for the quarter. The business had revenue of £515.70 million for the quarter. Smiths News had a net margin of 2.59% and a return on equity of 350.65%. As a group, research analysts forecast that Smiths News will post 10.5555556 EPS for the current year.

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.