Liberum Capital Cuts Smart Metering Systems (LON:SMS) Price Target to GBX 720

Smart Metering Systems (LON:SMS) had its price target reduced by Liberum Capital from GBX 800 ($10.52) to GBX 720 ($9.47) in a research note released on Tuesday, Stock Target Advisor reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on SMS. Barclays cut Smart Metering Systems to an equal weight rating and boosted their price target for the company from GBX 520 ($6.84) to GBX 640 ($8.42) in a research report on Friday, March 20th. Peel Hunt reiterated a buy rating and set a GBX 776 ($10.21) target price (up previously from GBX 735 ($9.67)) on shares of Smart Metering Systems in a research report on Thursday, March 12th.

Shares of LON SMS opened at GBX 653.67 ($8.60) on Tuesday. The company has a market capitalization of $750.81 million and a price-to-earnings ratio of -136.18. The company has a debt-to-equity ratio of 108.59, a current ratio of 2.56 and a quick ratio of 2.14. The business has a 50-day moving average of GBX 529.96 and a two-hundred day moving average of GBX 503.14. Smart Metering Systems has a 1 year low of GBX 308 ($4.05) and a 1 year high of GBX 742 ($9.76).

Smart Metering Systems (LON:SMS) last posted its earnings results on Tuesday, March 17th. The company reported GBX 11.30 ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 10.60 ($0.14) by GBX 0.70 ($0.01). As a group, equities research analysts expect that Smart Metering Systems will post 2523.9999046 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, April 23rd will be paid a dividend of GBX 4.58 ($0.06) per share. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 23rd. This is a positive change from Smart Metering Systems’s previous dividend of $2.30. Smart Metering Systems’s dividend payout ratio is currently -1.25%.

In other news, insider Alan Foy acquired 80,645 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average cost of GBX 578 ($7.60) per share, for a total transaction of £466,128.10 ($613,165.09).

About Smart Metering Systems

Smart Metering Systems plc, through its subsidiaries, connects, owns, operates, and maintains metering systems and databases on behalf of energy companies in the United Kingdom, Italy, and the Caribbean. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The Asset Management segment engages in the regulated management of gas meters, electric meters, and ADM devices.

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