Smiths News (LON:SNWS) Shares Down 11% – What’s Next?

Posted by Lisa Durand on Jan 9th, 2025

Smiths News plc (LON:SNWS – Get Free Report) traded down 11% during mid-day trading on Thursday . The stock traded as low as GBX 59.40 ($0.73) and last traded at GBX 60.17 ($0.74). 3,049,240 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 1,422,657 shares. The stock had previously closed at GBX 67.60 ($0.84).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 95 ($1.17) price target on shares of Smiths News in a research report on Tuesday, November 5th.

Read Our Latest Analysis on SNWS

Smiths News Stock Performance

The stock has a market cap of £142.65 million, a P/E ratio of 668.53, a P/E/G ratio of 0.29 and a beta of 0.83. The stock has a 50-day moving average price of GBX 62.96 and a 200-day moving average price of GBX 59.83.

Smiths News Increases Dividend

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

Insider Transactions at Smiths News

In related news, insider Jonathan Bunting sold 1,183,423 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.75), for a total transaction of £721,888.03 ($892,321.42). Also, insider Paul Baker sold 319,586 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.75), for a total value of £194,947.46 ($240,973.37). In the last ninety days, insiders sold 1,993,578 shares of company stock valued at $121,608,258. Insiders own 13.12% of the company’s stock.

Smiths News Company Profile

(Get Free Report)

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.