Smiths News plc (LON:SNWS - Get Free Report) insider Jonathan Bunting sold 1,183,423 shares of Smiths News stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.79), for a total value of £721,888.03 ($939,713.66).
Smiths News Stock Down 1.0 %
Shares of LON SNWS traded down GBX 0.60 ($0.01) during midday trading on Wednesday, hitting GBX 61.20 ($0.80). 1,232,262 shares of the company's stock were exchanged, compared to its average volume of 522,700. Smiths News plc has a 12 month low of GBX 45 ($0.59) and a 12 month high of GBX 67.80 ($0.88). The company's 50 day moving average price is GBX 57.56 and its 200 day moving average price is GBX 58.46. The firm has a market capitalization of £145.10 million, a PE ratio of 680.00, a price-to-earnings-growth 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. Investors of record on Thursday, January 9th will be issued a dividend of GBX 5.40 ($0.07) per share. This is a boost from Smiths News's previous dividend of $1.75. This represents a yield of 9.47%. The ex-dividend date of this dividend is Thursday, January 9th. Smiths News's dividend payout ratio (DPR) is presently 5,555.56%.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 95 ($1.24) target price on shares of Smiths News in a research report on Tuesday.
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Smiths News Company Profile
(
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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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