Smiths News' (SNWS) "Buy" Rating Reiterated at Canaccord Genuity Group

Smiths News (LON:SNWS - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Canaccord Genuity Group in a report released on Thursday, MarketBeat Ratings reports. They currently have a GBX 95 ($1.16) price objective on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 57.28% from the stock's current price.

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 95 ($1.16) price objective on shares of Smiths News in a report on Tuesday, November 5th.

Smiths News Trading Down 0.3 %

SNWS stock traded down GBX 0.20 ($0.00) during trading on Thursday, reaching GBX 60.40 ($0.73). The stock had a trading volume of 363,990 shares, compared to its average volume of 1,041,473. The firm has a fifty day moving average price of GBX 62.96 and a 200 day moving average price of GBX 59.79. The company has a market capitalization of £143.20 million, a P/E ratio of 671.11, a PEG ratio of 0.29 and a beta of 0.83. Smiths News has a 1-year low of GBX 45.98 ($0.56) and a 1-year high of GBX 71 ($0.86).

Insider Buying and Selling at Smiths News

In other Smiths News news, insider Deborah Rabey purchased 20,663 shares of the stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of GBX 63 ($0.77) per share, with a total value of £13,017.69 ($15,838.53). Also, insider Paul Baker sold 319,586 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.74), for a total transaction of £194,947.46 ($237,191.22). Insiders sold 1,993,578 shares of company stock valued at $121,608,258 in the last ninety days. Company insiders own 13.12% of the company's stock.

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.