Smiths News’ (SNWS) “Buy” Rating Reiterated at Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research report issued on Friday, Marketbeat.com reports. They currently have a GBX 95 ($1.23) target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 75.15% from the company’s previous close.

Smiths News Stock Up 1.2 %

Shares of LON SNWS opened at GBX 54.24 ($0.70) on Friday. Smiths News has a 12-month low of GBX 46.73 ($0.60) and a 12-month high of GBX 71 ($0.92). 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. The firm has a market cap of £130.20 million, a PE ratio of 5.11, a P/E/G ratio of 0.29 and a beta of 0.83. The company’s fifty day simple moving average is GBX 58.07 and its 200 day simple moving average is GBX 59.69.

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.