Smiths News (LON:SNWS) Receives Buy Rating from Canaccord Genuity Group

Smiths News (LON:SNWS)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued to investors on Tuesday, LSE.Co.UK reports. They presently have a GBX 95 ($1.23) price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 53.72% from the company’s previous close.

Smiths News Stock Performance

Shares of SNWS stock traded up GBX 4.80 ($0.06) on Tuesday, hitting GBX 61.80 ($0.80). The company’s stock had a trading volume of 13,836,233 shares, compared to its average volume of 519,294. Smiths News has a fifty-two week low of GBX 45 ($0.58) and a fifty-two week high of GBX 67.80 ($0.88). The stock’s 50 day moving average is GBX 57.48 and its 200-day moving average is GBX 58.39. The company has a market capitalization of £146.52 million, a PE ratio of 686.67, a PEG ratio of 0.29 and a beta of 0.83.

Smiths News Company Profile

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.