Peel Hunt Reaffirms “Buy” Rating for Smart Metering Systems (LON:SMS)

Peel Hunt reaffirmed their buy rating on shares of Smart Metering Systems (LON:SMS) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently issued reports on SMS. Liberum Capital reiterated a buy rating on shares of Smart Metering Systems in a research report on Thursday, August 1st. Barclays upgraded shares of Smart Metering Systems to an overweight rating and dropped their target price for the stock from GBX 650 ($8.49) to GBX 545 ($7.12) in a research report on Tuesday, September 3rd.

Shares of Smart Metering Systems stock opened at GBX 318.60 ($4.16) on Tuesday. The stock has a market capitalization of $358.58 million and a P/E ratio of 81.69. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 76.07. The company has a 50-day simple moving average of GBX 454.91 and a 200 day simple moving average of GBX 511.58. Smart Metering Systems has a 12-month low of GBX 437 ($5.71) and a 12-month high of GBX 676 ($8.83).

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be given a dividend of GBX 2.30 ($0.03) per share. This represents a dividend yield of 0.64%. The ex-dividend date is Thursday, October 24th. Smart Metering Systems’s dividend payout ratio (DPR) is currently 1.54%.

About Smart Metering Systems

Smart Metering Systems plc, through its subsidiaries, connects, owns, operates, and maintains metering systems and databases on behalf of energy companies in the United Kingdom, Italy, and the Caribbean. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The Asset Management segment engages in the regulated management of gas meters, electric meters, and ADM devices.

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