Smiths News plc (LON:SNWS) Insider Sells £194,947.46 in Stock

Smiths News plc (LON:SNWS) insider Paul Baker sold 319,586 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.77), for a total transaction of £194,947.46 ($247,458.06).

Smiths News Trading Down 0.6 %

Shares of SNWS stock traded down GBX 0.40 ($0.01) on Friday, reaching GBX 62.20 ($0.79). 400,627 shares of the stock were exchanged, compared to its average volume of 570,273. The business’s 50 day moving average price is GBX 58.82 and its 200 day moving average price is GBX 59.17. The company has a market capitalization of £147.47 million, a price-to-earnings ratio of 695.56, a PEG ratio of 0.29 and a beta of 0.83. Smiths News plc has a twelve month low of GBX 45.20 ($0.57) and a twelve month high of GBX 67.80 ($0.86).

Smiths News Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Investors 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 represents a dividend yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s payout ratio is presently 5,555.56%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated 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.