Smiths News (LON:SNWS) Stock Price Down 9.5% – Should You Sell?

Posted by Nicole Kennedy on Jan 11th, 2025

Smiths News plc (LON:SNWS – Get Free Report) shares traded down 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 were traded 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 Analyst Weigh In

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

Check Out Our Latest Report on SNWS

Smiths News Stock Performance

The company has a 50-day moving average of GBX 63.07 and a 200-day moving average of GBX 59.83. The firm has a market capitalization of £138.46 million, a price-to-earnings ratio of 648.89, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

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

Insider Activity at Smiths News

In other news, insider Paul Baker sold 319,586 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.74), for a total value of £194,947.46 ($238,031.09). Also, insider Jonathan Bunting sold 1,183,423 shares of Smiths News stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.74), for a total value of £721,888.03 ($881,426.17). In the last ninety days, insiders have sold 1,993,578 shares of company stock valued at $121,608,258. 13.12% of the stock is 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.