Smiths News plc (LON:SNWS) Insider Buys £13,017.69 in Stock

Smiths News plc (LON:SNWS - Get Free Report) insider Deborah Rabey acquired 20,663 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of GBX 63 ($0.80) per share, with a total value of £13,017.69 ($16,580.93).

Smiths News Trading Down 0.6 %

Smiths News stock traded down GBX 0.40 ($0.01) during midday trading on Friday, hitting GBX 62.20 ($0.79). 359,394 shares of the stock were exchanged, compared to its average volume of 570,273. The stock's 50-day simple moving average is GBX 59 and its 200 day simple moving average is GBX 59.19. Smiths News plc has a fifty-two week low of GBX 45.20 ($0.58) and a fifty-two week high of GBX 67.80 ($0.86). The stock has a market capitalization of £147.47 million, a price-to-earnings ratio of 691.11, a PEG ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 9.47%. This is an increase from Smiths News's previous dividend of $1.75. Smiths News's dividend payout ratio (DPR) is currently 5,555.56%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 95 ($1.21) price objective on shares of Smiths News in a research report on Tuesday, November 5th.

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.