Paul Baker Sells 319,586 Shares of Smiths News plc (LON:SNWS) Stock

Smiths News plc (LON:SNWS) insider Paul Baker sold 319,586 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 61 ($0.78), for a total transaction of £194,947.46 ($248,309.08).

Smiths News Trading Down 0.6 %

Shares of LON:SNWS opened at GBX 62.20 ($0.79) on Friday. The stock has a market capitalization of £147.47 million, a P/E ratio of 691.11, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News plc has a 12-month low of GBX 45.20 ($0.58) and a 12-month high of GBX 67.80 ($0.86). The stock’s 50-day moving average price is GBX 59 and its 200-day moving average price is GBX 59.19.

Smiths News Increases Dividend

The firm 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 represents a yield of 9.47%. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s payout ratio is currently 5,555.56%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.21) price objective 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.