Smiths News PLC 41.7% potential upside indicated by Berenberg Bank

Smiths News PLC with ticker (LON:SNWS) now has a potential upside of 41.7% according to Berenberg Bank.



Berenberg Bank set a target price of 50 GBX for the company, which when compared to the Smiths News PLC share price of 29 GBX at opening today (27/09/2022) indicates a potential upside of 41.7%. Trading has ranged between 27 (52 week low) and 41 (52 week high) with an average of 280,244 shares exchanging hands daily. The market capitalisation at the time of writing is £74,454,502.

Smiths News plc is a United Kingdom-based newspaper and magazine wholesaler. The Company supports publishers and retailers. The Company operates through its Smiths News segment. The Smiths News segment include Smiths News Core, Dawson Media Direct (DMD), Instore and Other businesses. Smiths News Core is a distributor of newspapers and magazines to retailers across England and Wales. DMD supplies newspapers, magazines and inflight entertainment to airlines and travel points in the United Kingdom. Instore supplies field marketing services to retailers and suppliers across the United Kingdom. Other businesses include several ancillary businesses, which are adjacent to Smiths News. Its core services include newspaper and magazine deliveries, collecting and processing returns, managing retail ranges, and providing market insight to forecast demand and minimize waste. The Company distributes a range of print media from large general retailers to smaller independent newsagents.