Canaccord Genuity Group Reaffirms Buy Rating for Smiths News (LON:SNWS)

Smiths News (LON:SNWS)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a report released on Friday,Digital Look reports. They currently have a GBX 95 ($1.23) target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 79.25% from the stock’s previous close.

Smiths News Price Performance

Shares of SNWS stock opened at GBX 53 ($0.69) on Friday. The stock’s fifty day simple moving average is GBX 58.19 and its 200 day simple moving average is GBX 59.70. Smiths News has a one year low of GBX 46.73 ($0.61) and a one year high of GBX 71 ($0.92). The firm has a market cap of £127.22 million, a price-to-earnings ratio of 4.99, a P/E/G ratio of 0.29 and a beta of 0.83. 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.

About Smiths News

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.