Smiths News (LON:SNWS) Given Buy Rating at Canaccord Genuity Group

Smiths News (LON:SNWS - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Canaccord Genuity Group in a report released on Friday, MarketBeat Ratings reports. They currently have a GBX 95 ($1.23) price objective on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 77.90% from the stock's previous close.

Smiths News Stock Performance

LON SNWS remained flat at GBX 53.40 ($0.69) during trading hours on Friday. The company's stock had a trading volume of 186,612 shares, compared to its average volume of 465,151. The company has a debt-to-equity ratio of -1,469.70, a current ratio of 0.98 and a quick ratio of 0.83. The company has a market capitalization of £128.18 million, a price-to-earnings ratio of 5.03, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News has a fifty-two week low of GBX 46.73 ($0.60) and a fifty-two week high of GBX 71 ($0.92). The company's 50 day moving average is GBX 57.94 and its 200 day moving average is GBX 59.70.

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.