Smiths News plc (LON:SNWS) Insider Jonathan Bunting Sells 1,183,423 Shares

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 1,183,423 shares of the firm’s stock in a transaction that occurred 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).

Smiths News Stock Down 0.5 %

Smiths News stock opened at GBX 61.50 ($0.80) on Wednesday. Smiths News plc has a 52-week low of GBX 45 ($0.59) and a 52-week high of GBX 67.80 ($0.88). The company has a market cap of £145.80 million, a P/E ratio of 686.67, a P/E/G ratio of 0.29 and a beta of 0.83. The business has a 50-day simple moving average of GBX 57.48 and a two-hundred day simple moving average of GBX 58.39.

Smiths News Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.24) price target on shares of Smiths News in a report on Tuesday.

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.