Smiths News (LON:SNWS) Trading Down 2% – What’s Next?

Smiths News plc (LON:SNWS)’s share price was down 2% during trading on Thursday . The stock traded as low as GBX 58.20 ($0.73) and last traded at GBX 58.20 ($0.73). Approximately 311,527 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 544,904 shares. The stock had previously closed at GBX 59.40 ($0.75).

Analysts Set New Price Targets

Several analysts have recently commented on SNWS shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 ($1.20) price objective on shares of Smiths News in a research note on Tuesday, November 5th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 ($1.20) price target on shares of Smiths News in a research report on Thursday, January 16th.

Smiths News Stock Performance

The company has a debt-to-equity ratio of -1,469.70, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of £131.54 million, a PE ratio of 5.16, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The company’s 50 day simple moving average is GBX 61.95 and its 200 day simple moving average is GBX 60.14.

Smiths News Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were given a dividend of GBX 5.40 ($0.07) per share. This represents a dividend yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. The ex-dividend date of this dividend was Thursday, January 9th. Smiths News’s dividend payout ratio (DPR) is presently 47.09%.

Smiths News Company Profile

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains.