Smiths News (LON:SNWS) Shares Down 9.5% – Time to Sell?

Posted by Dante Gardener on Jan 11th, 2025

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.16) price objective on shares of Smiths News in a report on Tuesday, November 5th.

Read Our Latest Report on SNWS

Smiths News Stock Performance

The stock has a market cap of £138.46 million, a PE ratio of 648.89, a PEG ratio of 0.29 and a beta of 0.83. The company’s 50-day moving average price is GBX 63.07 and its two-hundred day moving average price is GBX 59.83.

Smiths News Increases Dividend

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

Insider Transactions at Smiths News

In related news, insider Paul Baker sold 319,586 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 61 ($0.74), for a total transaction of £194,947.46 ($238,031.09). Also, insider Jonathan Bunting sold 490,569 shares of Smiths News stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.74), for a total transaction of £299,247.09 ($365,381.06). In the last three months, insiders sold 1,993,578 shares of company stock worth $121,608,258. 13.12% of the stock is currently owned by corporate insiders.

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.