Smiths News (LON:SNWS) Trading 5.5% Higher

Smiths News plc (LON:SNWS)’s stock price traded up 5.5% during trading on Monday . The stock traded as high as GBX 61 ($0.77) and last traded at GBX 61 ($0.77). 783,276 shares changed hands during trading, an increase of 118% from the average session volume of 359,410 shares. The stock had previously closed at GBX 57.80 ($0.73).

Wall Street Analysts Forecast Growth

SNWS has been the topic of a number of research analyst reports. Berenberg Bank upped their target price on shares of Smiths News from GBX 60 ($0.76) to GBX 65 ($0.82) and gave the stock a “buy” rating in a research note on Friday, May 3rd. Canaccord Genuity Group upped their target price on shares of Smiths News from GBX 85 ($1.08) to GBX 95 ($1.21) and gave the stock a “buy” rating in a research note on Thursday, May 2nd.

Smiths News Price Performance

The stock’s 50-day moving average is GBX 58.36 and its 200 day moving average is GBX 52.51. The company has a market cap of £151.10 million, a PE ratio of 677.78, a PEG ratio of 0.29 and a beta of 0.78.

Smiths News Cuts Dividend

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

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.