Deborah Rabey Buys 20,663 Shares of Smiths News plc (LON:SNWS) Stock

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

Smiths News Price Performance

Shares of SNWS stock opened at GBX 62.20 ($0.79) on Friday. The stock has a market capitalization of £147.47 million, a PE ratio of 691.11, a PEG ratio of 0.29 and a beta of 0.83. The business’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 one year low of GBX 45.20 ($0.58) and a one year high of GBX 67.80 ($0.86).

Smiths News Increases Dividend

The company also recently announced 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 a positive change from Smiths News’s previous dividend of $1.75. The ex-dividend date is Thursday, January 9th. This represents a yield of 9.47%. Smiths News’s payout ratio is presently 5,555.56%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.21) target price on shares of Smiths News in a report on Tuesday, November 5th.

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.