Smiths News (LON:SNWS) Trading 1.3% Higher

Smiths News plc (LON:SNWS)’s share price rose 1.3% during trading on Friday . The stock traded as high as GBX 65.60 ($0.83) and last traded at GBX 64.80 ($0.82). Approximately 207,797 shares changed hands during trading, a decline of 39% from the average daily volume of 343,405 shares. The stock had previously closed at GBX 64 ($0.81).

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SNWS. Canaccord Genuity Group upped their price objective on Smiths News from GBX 85 ($1.08) to GBX 95 ($1.21) and gave the stock a “buy” rating in a report on Thursday, May 2nd. Berenberg Bank upped their price objective on Smiths News from GBX 60 ($0.76) to GBX 65 ($0.83) and gave the stock a “buy” rating in a report on Friday, May 3rd.

Smiths News Trading Up 1.3 %

The company has a market cap of £160.51 million, a PE ratio of 720.00, a P/E/G ratio of 0.29 and a beta of 0.78. The firm has a 50 day moving average of GBX 53.56 and a two-hundred day moving average of GBX 50.68.

Smiths News Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 4th. Investors of record on Thursday, June 6th will be paid a GBX 1.75 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 3.28%. Smiths News’s payout ratio is currently 5,555.56%.

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.