Insider Buying: Smiths News plc (LON:SNWS) Insider Buys 20,663 Shares of Stock

Smiths News plc (LON:SNWS) insider Deborah Rabey bought 20,663 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was purchased at an average cost of GBX 63 ($0.80) per share, for a total transaction of £13,017.69 ($16,524.11).

Smiths News Stock Performance

Shares of Smiths News stock traded down GBX 0.40 ($0.01) during midday trading on Friday, hitting GBX 62.20 ($0.79). 400,627 shares of the company traded hands, compared to its average volume of 570,273. Smiths News plc has a 12 month low of GBX 45.20 ($0.57) and a 12 month high of GBX 67.80 ($0.86). The stock has a market cap of £147.47 million, a price-to-earnings ratio of 691.11, a PEG ratio of 0.29 and a beta of 0.83. The firm’s fifty day moving average price is GBX 58.82 and its 200-day moving average price is GBX 59.17.

Smiths News Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be given a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. This represents a yield of 9.47%. Smiths News’s dividend payout ratio (DPR) is currently 5,555.56%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 ($1.21) price target on shares of Smiths News in a report on Tuesday, November 5th.

Smiths News Company Profile

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.