Smiths News (LON:SNWS) Shares Down 9.5% – Should You Sell?

Posted by Doug Madison on Jan 11th, 2025

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 ($1.16) target price on shares of Smiths News in a report on Tuesday, November 5th.

Read Our Latest Research Report on SNWS

Smiths News Price Performance

The stock has a market cap of £138.46 million, a price-to-earnings ratio of 648.89, a PEG ratio of 0.29 and a beta of 0.83. The company’s 50 day moving average is GBX 63.07 and its 200 day moving average is GBX 59.83.

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

Insider Transactions at Smiths News

In other Smiths News news, insider Deborah Rabey acquired 20,663 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average cost of GBX 63 ($0.77) per share, with a total value of £13,017.69 ($15,894.62). Also, insider Jonathan Bunting sold 1,183,423 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.74), for a total transaction of £721,888.03 ($881,426.17). Insiders have sold 1,993,578 shares of company stock valued at $121,608,258 in the last quarter. 13.12% of the stock is currently owned by corporate insiders.

About Smiths News

(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.