Smiths News plc (LON:SNWS) Insider Deborah Rabey Purchases 20,663 Shares

Smiths News plc (LON:SNWS) insider Deborah Rabey bought 20,663 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of GBX 63 ($0.80) per share, for a total transaction of £13,017.69 ($16,580.93).

Smiths News Price Performance

LON:SNWS opened at GBX 62.20 ($0.79) on Friday. The stock has a market cap of £147.47 million, a P/E ratio of 691.11, a PEG ratio of 0.29 and a beta of 0.83. The company has a fifty day moving average price of GBX 59 and a 200 day moving average price of GBX 59.21. Smiths News plc has a one year low of GBX 45.20 ($0.58) and a one year high of GBX 67.80 ($0.86).

Smiths News Increases Dividend

The business also recently announced 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. This represents a dividend yield of 9.47%. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from Smiths News’s previous dividend of $1.75. Smiths News’s dividend payout ratio (DPR) is presently 5,555.56%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.21) price objective 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.