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

Smiths News (LON:SNWS) had its target price hoisted by analysts at Berenberg Bank from GBX 60 ($0.75) to GBX 65 ($0.82) in a report issued on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 16.07% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on Smiths News from GBX 85 ($1.07) to GBX 95 ($1.19) and gave the stock a “buy” rating in a research report on Thursday.

Smiths News Stock Up 1.8 %

Shares of LON SNWS opened at GBX 56 ($0.70) on Friday. The company has a market capitalization of £138.71 million, a PE ratio of 622.22, a P/E/G ratio of 0.29 and a beta of 0.80. The firm has a fifty day simple moving average of GBX 49.34 and a 200 day simple moving average of GBX 49.03. Smiths News has a twelve month low of GBX 40 ($0.50) and a twelve month high of GBX 57 ($0.72).

About Smiths News

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.