Smiths News (LON:SNWS) Shares Down 9.5% – What’s Next?

Posted by Jeff Wilder on Jan 9th, 2025

Smiths News plc (LON:SNWS – Get Free Report) fell 9.5% during mid-day trading on Thursday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 61.20 ($0.75). 1,615,870 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 1,183,762 shares. The stock had previously closed at GBX 67.60 ($0.83).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 ($1.17) price target on shares of Smiths News in a research note on Tuesday, November 5th.

Check Out Our Latest Stock Report on Smiths News

Smiths News Stock Down 9.5 %

The firm has a 50 day moving average of GBX 63.04 and a 200 day moving average of GBX 59.84. The firm has a market cap of £145.10 million, a PE ratio of 680.00, a P/E/G ratio of 0.29 and a beta of 0.83.

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 issued a GBX 5.40 ($0.07) dividend. This is a positive change from Smiths News’s previous dividend of $1.75. This represents a dividend yield of 9.47%. The ex-dividend date of this dividend is Thursday, January 9th. Smiths News’s dividend payout ratio (DPR) is presently 5,555.56%.

Insider Buying and Selling

In other Smiths News news, insider Paul Baker sold 319,586 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.75), for a total value of £194,947.46 ($239,876.29). Also, insider Deborah Rabey purchased 20,663 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were acquired at an average price of GBX 63 ($0.78) per share, with a total value of £13,017.69 ($16,017.83). In the last quarter, insiders have sold 1,993,578 shares of company stock valued at $121,608,258. Corporate insiders own 13.12% of the company’s stock.

Smiths News Company Profile

(Get Free Report)

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.