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 published on Tuesday morning, MarketBeat reports. They currently have a GBX 95 ($1.24) price target on the stock.

Smiths News Stock Down 1.0 %

SNWS opened at GBX 60.60 ($0.79) on Tuesday. The firm has a market cap of £143.68 million, a P/E ratio of 680.00, a PEG ratio of 0.29 and a beta of 0.83. The business’s fifty day simple moving average is GBX 57.62 and its 200 day simple moving average is GBX 58.54. Smiths News has a 52 week low of GBX 45 ($0.59) and a 52 week high of GBX 67.80 ($0.88).

Smiths News Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date is Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. This represents a dividend yield of 9.47%. Smiths News’s payout ratio is 5,555.56%.

Insider Activity at Smiths News

In other Smiths News news, insider Jonathan Bunting sold 1,183,423 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.79), for a total transaction of £721,888.03 ($939,713.66). Insiders own 13.12% of the company’s stock.

Smiths News Company Profile

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.