Canaccord Genuity Group reiterated their buy rating on shares of Smiths News (LON:SNWS - Free Report) in a research report released on Tuesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 95 ($1.24) price objective on the stock.
Smiths News Stock Up 8.4 %
Shares of LON SNWS traded up GBX 4.80 ($0.06) during trading on Tuesday, reaching GBX 61.80 ($0.80). 13,257,592 shares of the company traded hands, compared to its average volume of 519,294. The firm has a 50 day simple moving average of GBX 57.48 and a 200-day simple moving average of GBX 58.39. The stock has a market capitalization of £146.52 million, a PE ratio of 686.67, a P/E/G ratio of 0.29 and a beta of 0.83. Smiths News has a 52-week low of GBX 45 ($0.59) and a 52-week high of GBX 67.80 ($0.88).
Smiths News Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a GBX 5.40 ($0.07) dividend. This is an increase from Smiths News's previous dividend of $1.75. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 9.47%. Smiths News's dividend payout ratio (DPR) is presently 5,555.56%.
About Smiths News
(
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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.
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