Insider Selling: Smiths News (LON:SNWS) Insider Sells £300,920.40 in Stock

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 442,530 shares of Smiths News stock in a transaction on Friday, November 28th. The stock was sold at an average price of GBX 68, for a total value of £300,920.40.

Smiths News Price Performance

Smiths News stock opened at GBX 71 on Friday. The firm has a market capitalization of £170.16 million, a PE ratio of 6.45, a P/E/G ratio of 0.29 and a beta of 0.83. Smiths News plc has a 52 week low of GBX 45.40 and a 52 week high of GBX 72. The firm’s 50-day simple moving average is GBX 64.31 and its 200 day simple moving average is GBX 59.88. 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.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 95 price target on shares of Smiths News in a research report on Tuesday, November 4th. Berenberg Bank upped their target price on Smiths News from GBX 75 to GBX 80 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 87.50.

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.