Key Points
- Insider sale: Director Jonathan Bunting sold 442,530 shares on November 28 at an average price of GBX 68, generating about £300,920 in proceeds.
- Analyst sentiment: Two brokers rate Smiths News as a Buy (Berenberg raised its target to GBX 80; Canaccord at GBX 95), with an average price target of GBX 87.50.
- Market and valuation snapshot: The stock opened at GBX 70 (up 0.9%), has a market cap of £167.77m, a low P/E of 6.36, and a one‑year range of GBX 45.40–72.
Smiths News plc (LON:SNWS - Get Free Report) 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.
Smiths News Stock Up 0.9%
LON:SNWS opened at GBX 70 on Thursday. The company has a debt-to-equity ratio of -1,469.70, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of £167.77 million, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News plc has a one year low of GBX 45.40 and a one year high of GBX 72. The stock has a 50-day simple moving average of GBX 63.97 and a 200 day simple moving average of GBX 59.73.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Berenberg Bank lifted their target price on Smiths News from GBX 75 to GBX 80 and gave the stock a "buy" rating in a research report on Tuesday, November 4th. Canaccord Genuity Group restated a "buy" rating and set a GBX 95 price objective on shares of Smiths News in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Smiths News presently has an average rating of "Buy" and an average price target of GBX 87.50.
Check Out Our Latest Research Report on Smiths News
Smiths News Company Profile
(
Get Free Report)
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.
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