Smiths News plc (LON:SNWS - Get Free Report) insider Jonathan Bunting sold 1,183,423 shares of Smiths News 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).
Smiths News Stock Down 1.0 %
Shares of SNWS opened at GBX 61.20 ($0.80) on Thursday. The stock has a 50 day moving average price of GBX 57.56 and a 200 day moving average price of GBX 58.46. The company has a market capitalization of £145.10 million, a price-to-earnings ratio of 680.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News plc 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 disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be paid a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 9.47%. This is a boost from Smiths News's previous dividend of $1.75. Smiths News's payout ratio is currently 5,555.56%.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 95 ($1.24) price objective on shares of Smiths News in a research report on Tuesday.
Check Out Our Latest Report on Smiths News
Smiths News Company Profile
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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.
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