Berenberg Bank Boosts Smiths News (LON:SNWS) Price Target to GBX 65

Smiths News (LON:SNWS) had its price objective boosted by Berenberg Bank from GBX 60 ($0.75) to GBX 65 ($0.82) in a report released on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group upped their target price on shares of Smiths News from GBX 85 ($1.07) to GBX 95 ($1.19) and gave the company a buy rating in a report on Thursday, May 2nd.

Smiths News Stock Up 1.8 %

Smiths News stock opened at GBX 56 ($0.70) on Friday. Smiths News has a 52 week low of GBX 40 ($0.50) and a 52 week high of GBX 57 ($0.72). The firm’s 50-day simple moving average is GBX 49.34 and its 200 day simple moving average is GBX 49.12. The firm has a market capitalization of £138.71 million, a PE ratio of 622.22, a P/E/G ratio of 0.29 and a beta of 0.80.

Smiths News Cuts Dividend

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

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.