Smart Metering Systems (LON:SMS) Given New GBX 740 Price Target at Barclays

Smart Metering Systems (LON:SMSGet Rating) had its price target boosted by Barclays from GBX 710 ($8.58) to GBX 740 ($8.94) in a research report sent to investors on Wednesday morning, MarketBeat reports. They currently have an equal weight rating on the stock.

Smart Metering Systems Stock Performance

SMS stock opened at GBX 821 ($9.92) on Wednesday. The company has a quick ratio of 2.80, a current ratio of 3.27 and a debt-to-equity ratio of 1.55. The company has a market capitalization of £1.10 billion and a price-to-earnings ratio of 27,766.67. Smart Metering Systems has a 12 month low of GBX 670 ($8.10) and a 12 month high of GBX 968 ($11.70). The firm has a 50 day moving average of GBX 903.47 and a two-hundred day moving average of GBX 844.39.

Smart Metering Systems Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be given a GBX 7.56 ($0.09) dividend. This represents a yield of 0.84%. The ex-dividend date is Thursday, January 5th. Smart Metering Systems’s dividend payout ratio is 875.00%.

About Smart Metering Systems

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Smart Metering Systems plc, together with its subsidiaries, installs, operates, and manages meter and energy infrastructure assets, and related data services in the United Kingdom. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The company engages in the regulated management of gas meters, electric meters, and ADM devices.

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