Smiths News (LON:SNWS) Trading Down 9.5% – Here’s Why

Posted by Grant Hamersma on Jan 11th, 2025

Smiths News plc (LON:SNWS – Get Free Report)’s stock price fell 9.5% during trading on Thursday . The stock traded as low as GBX 59.40 ($0.73) and last traded at GBX 61.20 ($0.75). 1,615,870 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 1,183,762 shares. The stock had previously closed at GBX 67.60 ($0.83).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated 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.

View Our Latest Stock Analysis on Smiths News

Smiths News Price Performance

The firm has a market cap of £138.46 million, a P/E ratio of 648.89, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The firm’s 50 day moving average is GBX 63.07 and its 200 day moving average is GBX 59.83.

Smiths News Increases Dividend

The business also recently declared 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 of this dividend is Thursday, January 9th. This represents a dividend yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s dividend payout ratio is presently 5,555.56%.

Insider Buying and Selling at Smiths News

In other news, insider Jonathan Bunting sold 490,569 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.74), for a total value of £299,247.09 ($365,381.06). Also, insider Deborah Rabey acquired 20,663 shares of Smiths News stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average price of GBX 63 ($0.77) per share, with a total value of £13,017.69 ($15,894.62). Over the last 90 days, insiders sold 1,993,578 shares of company stock worth $121,608,258. 13.12% of the stock is owned by 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.