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Smiths News CEO Exercises and Sells Shares to Cover Liabilities

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Smiths News CEO Exercises and Sells Shares to Cover Liabilities

TipRanks Cyber Monday Sale

An update from Smiths News PLC ( (GB:SNWS) ) is now available.

Smiths News PLC announced a transaction involving its CEO, Jonathan Bunting, who exercised 745,227 shares from the Long Term Incentive Plan and received 193,026 shares as a dividend equivalent payment. To cover the tax and national insurance liabilities, Bunting sold 442,530 ordinary shares. This transaction reflects the company’s ongoing commitment to aligning executive interests with shareholder value, potentially impacting its market perception and stakeholder relations.

The most recent analyst rating on (GB:SNWS) stock is a Hold with a £61.00 price target. To see the full list of analyst forecasts on Smiths News PLC stock, see the GB:SNWS Stock Forecast page.

Spark’s Take on GB:SNWS Stock

According to Spark, TipRanks’ AI Analyst, GB:SNWS is a Neutral.

Smiths News PLC’s overall stock score is driven by its attractive valuation, with a low P/E ratio and high dividend yield. However, financial performance is hindered by balance sheet risks, including negative equity. Technical analysis suggests stable price trends, supporting a moderate outlook.

To see Spark’s full report on GB:SNWS stock, click here.

More about Smiths News PLC

Smiths News PLC operates in the distribution industry, primarily focusing on the delivery of newspapers and magazines across the UK. The company is a leading provider in its market, ensuring timely and efficient distribution services to retailers and other stakeholders.

Average Trading Volume: 455,670

Technical Sentiment Signal: Buy

Current Market Cap: £167.2M

Learn more about SNWS stock on TipRanks’ Stock Analysis page.

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