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 stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.78), for a total value of £194,947.46 ($248,309.08).

Smiths News Trading Down 0.6 %

Shares of SNWS opened at GBX 62.20 ($0.79) on Friday. The company has a market cap of £147.47 million, a price-to-earnings ratio of 691.11, a P/E/G ratio of 0.29 and a beta of 0.83. The business’s fifty day simple moving average is GBX 59 and its two-hundred day simple moving average is GBX 59.19. 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).

Smiths News Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders 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 is a positive change from Smiths News’s previous dividend of $1.75. This represents a dividend yield of 9.47%. Smiths News’s payout ratio is currently 5,555.56%.

Analyst Ratings Changes

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

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.