Smart Metering Systems (LON:SMS) Stock Rating Reaffirmed by Peel Hunt

Smart Metering Systems (LON:SMS)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research note issued to investors on Thursday, April 4th, Digital Look reports. They currently have a GBX 752 ($9.83) price objective on the stock. Peel Hunt’s target price suggests a potential upside of 52.41% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “not rated” rating on shares of Smart Metering Systems in a research note on Monday, March 18th.

Shares of SMS traded up GBX 0.40 ($0.01) during mid-day trading on Thursday, reaching GBX 493.40 ($6.45). The company’s stock had a trading volume of 155,825 shares, compared to its average volume of 213,179. The firm has a market capitalization of $552.06 million and a P/E ratio of 126.51. Smart Metering Systems has a 1 year low of GBX 474.98 ($6.21) and a 1 year high of GBX 845 ($11.04). The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 76.07.

About Smart Metering Systems

Smart Metering Systems plc, through its subsidiaries, connects, owns, operates, and maintains metering systems and databases on behalf of energy companies in the United Kingdom, Italy, and the Caribbean. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The Asset Management segment engages in the regulated management of gas meters, electric meters, and ADM devices.

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