Smiths News (LON:SNWS) Trading 1.1% Higher

Smiths News plc (LON:SNWS)’s share price traded up 1.1% on Tuesday . The stock traded as high as GBX 49.60 ($0.62) and last traded at GBX 49.30 ($0.61). 1,127,698 shares traded hands during trading, an increase of 390% from the average session volume of 230,308 shares. The stock had previously closed at GBX 48.75 ($0.61).

Analyst Ratings Changes

Separately, Canaccord Genuity Group began coverage on shares of Smiths News in a report on Thursday, February 29th. They set a “buy” rating and a GBX 85 ($1.06) target price for the company.

Smiths News Trading Up 1.1 %

The firm has a market cap of £122.12 million, a PE ratio of 493.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.80. The stock has a 50 day simple moving average of GBX 48.21 and a 200-day simple moving average of GBX 48.11.

Smiths News Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th were paid a GBX 2.75 ($0.03) dividend. This represents a yield of 5.62%. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from Smiths News’s previous dividend of $1.40. Smiths News’s dividend payout ratio is presently 4,000.00%.

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.