Smiths News (LON:SNWS) Shares Down 9.5% – What’s Next?

Posted by Michael Baxter on Jan 10th, 2025

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 95 ($1.17) target price on shares of Smiths News in a research report on Tuesday, November 5th.

Read Our Latest Analysis on SNWS

Smiths News Stock Performance

The business’s fifty day moving average price is GBX 63.04 and its two-hundred day moving average price is GBX 59.84. The stock has a market capitalization of £145.10 million, a P/E ratio of 680.00, a P/E/G ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 5.40 ($0.07) per share. This is a boost from Smiths News’s previous dividend of $1.75. This represents a yield of 9.47%. The ex-dividend date is Thursday, January 9th. Smiths News’s payout ratio is presently 5,555.56%.

Insider Activity

In other Smiths News news, insider Deborah Rabey acquired 20,663 shares of the business’s stock in a transaction on Friday, November 29th. The shares were bought at an average price of GBX 63 ($0.78) per share, with a total value of £13,017.69 ($16,017.83). Also, insider Jonathan Bunting sold 1,183,423 shares of Smiths News stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.75), for a total value of £721,888.03 ($888,258.93). Insiders sold 1,993,578 shares of company stock valued at $121,608,258 in the last ninety days. Insiders own 13.12% of the company’s stock.

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.