Key Points
- Insider purchase: Deborah Rabey bought 13,866 shares on December 12 at an average price of GBX 71, totaling £9,844.86.
- Analyst sentiment: Brokers including Berenberg and Canaccord have raised targets (to GBX 80 and GBX 95) and the stock carries a consensus "Buy" rating with an average target of GBX 87.50.
- Stock and valuation snapshot: SNWS opened around GBX 70.20, has a market cap of about £170m and a low PE of 6.21, trading near its 52-week high of GBX 72.80.
Smiths News plc (LON:SNWS - Get Free Report) insider Deborah Rabey purchased 13,866 shares of Smiths News stock in a transaction dated Friday, December 12th. The shares were purchased at an average price of GBX 71 per share, with a total value of £9,844.86.
Smiths News Trading Up 0.3%
Shares of SNWS stock opened at GBX 70.20 on Friday. The company has a market capitalization of £169.91 million, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News plc has a 52-week low of GBX 45.40 and a 52-week high of GBX 72.80. The business's fifty day moving average is GBX 65.18 and its 200 day moving average is GBX 60.19. 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.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SNWS. Berenberg Bank lifted their price target on Smiths News from GBX 75 to GBX 80 and gave the company a "buy" rating in a research report on Tuesday, November 4th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 95 target price on shares of Smiths News in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 87.50.
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About Smiths News
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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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