Smiths News plc (LON:SNWS) Insider Sells £194,947.46 in Stock

Smiths News plc (LON:SNWS) insider Paul Baker sold 319,586 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 61 ($0.77), for a total transaction of £194,947.46 ($247,615.22).

Smiths News Stock Performance

Shares of SNWS opened at GBX 62.20 ($0.79) on Monday. The stock has a 50-day moving average of GBX 59 and a two-hundred day moving average of GBX 59.17. The stock has a market cap of £147.47 million, a P/E ratio of 691.11, a P/E/G ratio of 0.29 and a beta of 0.83. Smiths News plc has a one year low of GBX 45.20 ($0.57) and a one year high of GBX 67.80 ($0.86).

Smiths News Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a GBX 5.40 ($0.07) dividend. This represents a yield of 9.47%. The ex-dividend date is Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s dividend payout ratio is 5,555.56%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.21) target price on shares of Smiths News in a research report on Tuesday, November 5th.

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.