Canaccord Genuity Group Reaffirms “Buy” Rating for Smiths News (LON:SNWS)

Canaccord Genuity Group restated their buy rating on shares of Smiths News (LON:SNWS) in a report released on Friday morning, Marketbeat reports. They currently have a GBX 95 ($1.23) price objective on the stock.

Smiths News Trading Up 1.2 %

LON SNWS opened at GBX 54.24 ($0.70) on Friday. The firm’s fifty day moving average price is GBX 58.07 and its 200 day moving average price is GBX 59.66. Smiths News has a 12 month low of GBX 46.73 ($0.60) and a 12 month high of GBX 71 ($0.92). The company has a debt-to-equity ratio of -1,469.70, a current ratio of 0.98 and a quick ratio of 0.83. The company has a market capitalization of £130.20 million, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were given a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date was Thursday, January 9th. This is a positive change from Smiths News’s previous dividend of $1.75. This represents a dividend yield of 9.47%. Smiths News’s dividend payout ratio (DPR) is 47.09%.

About Smiths News

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.