Smiths News (LON:SNWS) PT Raised to GBX 65

Smiths News (LON:SNWS) had its target price upped by Berenberg Bank from GBX 60 ($0.75) to GBX 65 ($0.82) in a research report released on Friday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group upped their price target on Smiths News from GBX 85 ($1.07) to GBX 95 ($1.19) and gave the company a buy rating in a research report on Thursday.

Smiths News Stock Performance

SNWS opened at GBX 56 ($0.70) on Friday. Smiths News has a 1-year low of GBX 40 ($0.50) and a 1-year high of GBX 57 ($0.72). The company has a 50-day moving average of GBX 49.34 and a 200-day moving average of GBX 49.03. The company has a market capitalization of £138.71 million, a P/E ratio of 622.22, a PEG ratio of 0.29 and a beta of 0.80.

Smiths News Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, July 4th. Investors of record on Thursday, June 6th will be paid a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a yield of 3.28%. Smiths News’s dividend payout ratio (DPR) is 5,555.56%.

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.