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

Posted by Xavier Holt on Jan 11th, 2025

Shares of 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 ($0.73). 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 ($0.83).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.16) price target on shares of Smiths News in a research report on Tuesday, November 5th.

Get Our Latest Stock Analysis on Smiths News

Smiths News Stock Down 4.6 %

The stock has a market capitalization of £138.46 million, a P/E ratio of 648.89, a P/E/G ratio of 0.29 and a beta of 0.83. The stock has a 50 day simple moving average of GBX 63.07 and a two-hundred day simple moving average of GBX 59.83.

Smiths News Increases Dividend

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

Insiders Place Their Bets

In other news, insider Paul Baker sold 319,586 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.74), for a total value of £194,947.46 ($238,031.09). Also, insider Jonathan Bunting sold 1,183,423 shares of Smiths News stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.74), for a total value of £721,888.03 ($881,426.17). Over the last three months, insiders have sold 1,993,578 shares of company stock valued at $121,608,258. 13.12% of the stock is currently owned by corporate insiders.

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.