Deborah Rabey Acquires 20,663 Shares of Smiths News plc (LON:SNWS) Stock

Smiths News plc (LON:SNWS) insider Deborah Rabey purchased 20,663 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average cost of GBX 63 ($0.80) per share, for a total transaction of £13,017.69 ($16,534.60).

Smiths News Stock Down 0.6 %

LON:SNWS opened at GBX 62.20 ($0.79) on Monday. The company has a market cap of £147.47 million, a PE ratio of 691.11, a P/E/G ratio of 0.29 and a beta of 0.83. The business’s 50 day moving average is GBX 59 and its two-hundred day moving average is GBX 59.17. Smiths News plc has a 52 week low of GBX 45.20 ($0.57) and a 52 week high of GBX 67.80 ($0.86).

Smiths News Increases Dividend

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.21) price objective on shares of Smiths News in a 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.