Smiths News (LON:SNWS) Trading Up 1.1%

Smiths News plc (LON:SNWS)’s stock price rose 1.1% during mid-day trading on Tuesday . The stock traded as high as GBX 49.60 ($0.62) and last traded at GBX 49.30 ($0.61). Approximately 1,127,698 shares changed hands during mid-day 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).

Analysts Set New Price Targets

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

Smiths News Trading Up 2.4 %

The company has a fifty day simple moving average of GBX 48.25 and a 200-day simple moving average of GBX 48.12. The company has a market capitalization of £126.33 million, a PE ratio of 510.00, a PEG ratio of 0.29 and a beta of 0.80.

Smiths News Increases Dividend

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