Smiths News (LON:SNWS) Trading Up 1.6% – Here’s What Happened
by Mitch Edgeman · The Markets DailyShares of Smiths News plc (LON:SNWS – Get Free Report) rose 1.6% on Friday . The company traded as high as GBX 78 and last traded at GBX 77. Approximately 4,150,447 shares changed hands during trading, an increase of 853% from the average daily volume of 435,586 shares. The stock had previously closed at GBX 75.80.
Analyst Ratings Changes
Several equities analysts have commented on SNWS shares. Berenberg Bank upped their price target on Smiths News from GBX 75 to GBX 80 and gave the company a “buy” rating in a report on Tuesday, November 4th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 95 price target on shares of Smiths News in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 87.50.
Get Our Latest Research Report on SNWS
Smiths News Stock Performance
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 stock has a fifty day simple moving average of GBX 69.25 and a 200-day simple moving average of GBX 61.74. The company has a market capitalization of £186.36 million, a P/E ratio of 6.81, a PEG ratio of 0.29 and a beta of 0.83.
Insider Activity at Smiths News
In other Smiths News news, insider Jonathan Bunting sold 442,530 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of GBX 68, for a total transaction of £300,920.40. Also, insider Deborah Rabey acquired 13,866 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of GBX 71 per share, with a total value of £9,844.86. 2.63% of the stock is currently owned by insiders.
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. Our teams go further, when others stop, striving to meet the highest standards in all we do.