Insider Selling: 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 firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 61 ($0.77), for a total value of £194,947.46 ($247,615.22).

Smiths News Trading Down 0.6 %

Shares of LON:SNWS opened at GBX 62.20 ($0.79) on Monday. Smiths News plc has a 12 month low of GBX 45.20 ($0.57) and a 12 month high of GBX 67.80 ($0.86). The company has a market capitalization of £147.47 million, a price-to-earnings ratio of 691.11, a PEG ratio of 0.29 and a beta of 0.83. The firm’s 50-day moving average is GBX 59 and its 200 day moving average is GBX 59.17.

Smiths News Increases Dividend

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 95 ($1.21) price target 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.