Smiths News’ (SNWS) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Smiths News (LON:SNWS) in a research note released on Friday, MarketBeat reports. They currently have a GBX 95 ($1.23) price target on the stock.

Smiths News Stock Performance

Shares of SNWS opened at GBX 54.24 ($0.70) on Friday. The company has a debt-to-equity ratio of -1,469.70, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market capitalization of £130.20 million, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News has a 52-week low of GBX 46.73 ($0.60) and a 52-week high of GBX 71 ($0.92). The stock’s 50-day simple moving average is GBX 58.07 and its 200 day simple moving average is GBX 59.72.

Smiths News Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were given a dividend of GBX 5.40 ($0.07) per share. This is a positive change from Smiths News’s previous dividend of $1.75. This represents a dividend yield of 9.47%. The ex-dividend date of this dividend was Thursday, January 9th. Smiths News’s payout ratio is 47.09%.

About Smiths News

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.