Smiths News (LON:SNWS) Trading Up 1.1%

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

Wall Street Analysts Forecast Growth

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

Smiths News Price Performance

The company has a market capitalization of £126.33 million, a P/E ratio of 510.00, a P/E/G ratio of 0.29 and a beta of 0.80. The business has a 50-day moving average of GBX 48.25 and a 200-day moving average of GBX 48.12.

Smiths News Increases Dividend

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

About Smiths News

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.