Canaccord Genuity Group Boosts Smiths News (LON:SNWS) Price Target to GBX 95

Smiths News (LON:SNWSFree Report) had its target price upped by Canaccord Genuity Group from GBX 85 ($1.07) to GBX 95 ($1.19) in a research report sent to investors on Thursday morning, reports. They currently have a buy rating on the stock.

Smiths News Stock Performance

Shares of Smiths News stock opened at GBX 56 ($0.70) on Thursday. The firm has a 50-day simple moving average of GBX 49.34 and a two-hundred day simple moving average of GBX 49.03. Smiths News has a fifty-two week low of GBX 40 ($0.50) and a fifty-two week high of GBX 57 ($0.72). The company has a market cap of £138.71 million, a P/E ratio of 622.22, a price-to-earnings-growth ratio of 0.29 and a beta of 0.80.

Smiths News Cuts Dividend

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

About Smiths News

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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.

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