Smiths News (LON:SNWS) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Smiths News (LON:SNWS) in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 95 ($1.24) target price on the stock.

Smiths News Stock Up 1.7 %

Smiths News stock opened at GBX 61.60 ($0.80) on Tuesday. The company has a fifty day simple moving average of GBX 57.68 and a 200-day simple moving average of GBX 58.55. The firm has a market capitalization of £146.05 million, a price-to-earnings ratio of 677.26, a PEG ratio of 0.29 and a beta of 0.83. 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 announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. This represents a yield of 9.47%. Smiths News’s payout ratio is 5,555.56%.

Insider Transactions at Smiths News

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

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.