Smiths News (LON:SNWS) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Smiths News (LON:SNWS) in a report released on Friday morning, MarketBeat reports. The brokerage currently has a GBX 95 ($1.23) target price on the stock.

Smiths News Trading Up 1.2 %

LON:SNWS opened at GBX 54.24 ($0.70) on Friday. The firm has a market capitalization of £130.20 million, a P/E ratio of 5.11, a P/E/G ratio of 0.29 and a beta of 0.83. Smiths News has a 52 week low of GBX 46.73 ($0.60) and a 52 week high of GBX 71 ($0.92). The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of -1,469.70. The company has a fifty day moving average of GBX 58.07 and a 200 day moving average of GBX 59.72.

Smiths News Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were issued a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 9.47%. The ex-dividend date of this dividend was Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s payout ratio is currently 47.09%.

About Smiths News

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains.