Smiths News plc (LON:SNWS - Get Free Report) was up 0.3% during trading on Thursday . The company traded as high as GBX 62.40 ($0.77) and last traded at GBX 60.20 ($0.75). Approximately 191,902 shares traded hands during trading, a decline of 69% from the average daily volume of 628,161 shares. The stock had previously closed at GBX 60 ($0.74).
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 95 ($1.18) price target on shares of Smiths News in a report on Thursday, January 16th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 95 ($1.18) price objective on shares of Smiths News in a research report on Tuesday, November 5th.
Check Out Our Latest Analysis on Smiths News
Smiths News Stock Up 1.3 %
The firm has a market capitalization of £146.52 million, a price-to-earnings ratio of 686.67, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The company's fifty day moving average is GBX 62.72 and its two-hundred day moving average is GBX 59.95.
Smiths News Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were given a GBX 5.40 ($0.07) dividend. This is a positive change from Smiths News's previous dividend of $1.75. This represents a dividend yield of 9.47%. The ex-dividend date was Thursday, January 9th. Smiths News's dividend payout ratio (DPR) is currently 5,555.56%.
Insider Activity at Smiths News
In related news, insider Deborah Rabey purchased 20,663 shares of Smiths News stock in a transaction dated Friday, November 29th. The stock was bought at an average price of GBX 63 ($0.78) per share, for a total transaction of £13,017.69 ($16,130.97). Also, insider Jonathan Bunting sold 490,569 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.76), for a total transaction of £299,247.09 ($370,814.24). 13.12% of the stock is currently owned by corporate insiders.
Smiths News Company Profile
(
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In 1792 we started delivering the nation's newspapers. Today, we're proud to be the UK's largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.
Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world's fastest-moving supply chains.
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