Smiths News (LON:SNWS) Price Target Raised to GBX 95

Smiths News (LON:SNWS) had its price objective boosted by Canaccord Genuity Group from GBX 85 ($1.07) to GBX 95 ($1.19) in a research note published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Smiths News Price Performance

Shares of Smiths News stock opened at GBX 55 ($0.69) on Thursday. The firm has a market cap of £136.24 million, a PE ratio of 622.22, a P/E/G ratio of 0.29 and a beta of 0.80. Smiths News has a 1 year low of GBX 40 ($0.50) and a 1 year high of GBX 57 ($0.72). The stock has a fifty day moving average price of GBX 49.34 and a 200-day moving average price of GBX 49.12.

Smiths News Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 4th. Shareholders of record on Thursday, June 6th will be given a GBX 1.75 ($0.02) dividend. This represents a yield of 3.28%. The ex-dividend date of this dividend is Thursday, June 6th. Smiths News’s dividend payout ratio is 5,555.56%.

Smiths News Company Profile

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.