Smiths News’ (SNWS) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Smiths News (LON:SNWS) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 95 ($1.24) price objective on the stock.

Smiths News Price Performance

Shares of SNWS stock opened at GBX 60.60 ($0.79) on Tuesday. Smiths News has a 1-year low of GBX 45 ($0.59) and a 1-year high of GBX 67.80 ($0.88). The business’s fifty day moving average price is GBX 57.62 and its 200 day moving average price is GBX 58.54. The firm has a market capitalization of £143.68 million, a PE ratio of 680.00, a P/E/G ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be paid a GBX 5.40 ($0.07) dividend. This is a boost from Smiths News’s previous dividend of $1.75. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 9.47%. Smiths News’s dividend payout ratio (DPR) is 5,555.56%.

Insider Buying and Selling

In other Smiths News news, insider Jonathan Bunting sold 1,183,423 shares of the stock in a transaction dated 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). 13.12% of the stock is owned by insiders.

About Smiths News

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.