Smiths News’ (SNWS) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Smiths News (LON:SNWS) in a research note published on Friday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 95 ($1.23) price objective on the stock.

Smiths News Stock Up 1.2 %

Shares of SNWS opened at GBX 54.24 ($0.70) on Friday. Smiths News has a 12 month low of GBX 46.73 ($0.60) and a 12 month high of GBX 71 ($0.92). The stock’s 50 day moving average is GBX 58.07 and its two-hundred day moving average is GBX 59.66. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of -1,469.70. The firm has a market cap of £130.20 million, a P/E ratio of 5.11, a PEG ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were paid a dividend of GBX 5.40 ($0.07) per share. This represents a dividend yield of 9.47%. This is a positive change from Smiths News’s previous dividend of $1.75. The ex-dividend date of this dividend was Thursday, January 9th. Smiths News’s dividend payout ratio is presently 47.09%.

About Smiths News

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.