Smiths News (LON:SNWS) PT Raised to GBX 65 at Berenberg Bank

Smiths News (LON:SNWS) had its price objective lifted by research analysts at Berenberg Bank from GBX 60 ($0.75) to GBX 65 ($0.82) in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 16.07% from the stock’s current price.

Separately, Canaccord Genuity Group raised their target price on shares of Smiths News from GBX 85 ($1.07) to GBX 95 ($1.19) and gave the company a “buy” rating in a research note on Thursday.

Smiths News Price Performance

Shares of SNWS stock opened at GBX 56 ($0.70) on Friday. The company has a fifty day moving average price of GBX 49.34 and a two-hundred day moving average price of GBX 49.03. Smiths News has a one year low of GBX 40 ($0.50) and a one year high of GBX 57 ($0.72). The stock has a market cap of £138.71 million, a P/E ratio of 622.22, a P/E/G ratio of 0.29 and a beta of 0.80.

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.