Smart Metering Systems PLC to Issue Dividend of GBX 2.30 (LON:SMS)
Smart Metering Systems PLC (LON:SMS) declared a dividend on Tuesday, September 17th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 2.30 ($0.03) per share on Friday, November 22nd. This represents a yield of 0.64%. The ex-dividend date of this dividend is Thursday, October 24th. The official announcement can be accessed at this link.
Shares of Smart Metering Systems stock traded down GBX 24.60 ($0.32) on Wednesday, reaching GBX 335.40 ($4.38). 1,722,767 shares of the stock were exchanged, compared to its average volume of 213,179. Smart Metering Systems has a 1-year low of GBX 437 ($5.71) and a 1-year high of GBX 676 ($8.83). The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 76.07. The business has a fifty day moving average price of GBX 466.10 and a two-hundred day moving average price of GBX 516.11. The firm has a market capitalization of $405.17 million and a PE ratio of 86.00.
Several brokerages recently issued reports on SMS. Peel Hunt reissued a “buy” rating on shares of Smart Metering Systems in a research note on Tuesday. Liberum Capital reiterated a “buy” rating on shares of Smart Metering Systems in a research note on Thursday, August 1st. Finally, Barclays upgraded shares of Smart Metering Systems to an “overweight” rating and reduced their price objective for the company from GBX 650 ($8.49) to GBX 545 ($7.12) in a research note on Tuesday, September 3rd. Four investment analysts have rated the stock with a buy rating, Smart Metering Systems currently has an average rating of “Buy” and an average target price of GBX 776.25 ($10.14).
Smart Metering Systems plc, through its subsidiaries, connects, owns, operates, and maintains metering systems and databases on behalf of energy companies in the United Kingdom, Italy, and the Caribbean. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The Asset Management segment engages in the regulated management of gas meters, electric meters, and ADM devices.
Further Reading: Outperform Rating
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