Barclays cut shares of Smart Metering Systems (LON:SMS) to an equal weight rating in a research note published on Friday morning, Stock Target Advisor reports. Barclays currently has GBX 640 ($8.42) price target on the stock, up from their previous price target of GBX 520 ($6.84).

Other analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a buy rating on shares of Smart Metering Systems in a research report on Wednesday. Peel Hunt reaffirmed a buy rating and set a GBX 776 ($10.21) price objective (up previously from GBX 735 ($9.67)) on shares of Smart Metering Systems in a research report on Thursday, March 12th.

Shares of SMS stock traded up GBX 70 ($0.92) during trading hours on Friday, hitting GBX 623.50 ($8.20). 923,255 shares of the company were exchanged, compared to its average volume of 213,179. The firm has a market cap of $703.26 million and a P/E ratio of -129.90. Smart Metering Systems has a fifty-two week low of GBX 308 ($4.05) and a fifty-two week high of GBX 742 ($9.76). The company has a debt-to-equity ratio of 108.59, a quick ratio of 2.14 and a current ratio of 2.56. The company has a 50 day simple moving average of GBX 517.80 and a two-hundred day simple moving average of GBX 498.30.

Smart Metering Systems (LON:SMS) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 11.30 ($0.15) EPS for the quarter, topping the consensus estimate of GBX 10.60 ($0.14) by GBX 0.70 ($0.01). As a group, sell-side analysts expect that Smart Metering Systems will post 2523.9999046 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, April 23rd will be given a dividend of GBX 4.58 ($0.06) per share. This is an increase from Smart Metering Systems’s previous dividend of $2.30. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a dividend yield of 0.78%. Smart Metering Systems’s dividend payout ratio (DPR) is -1.25%.

Smart Metering Systems Company Profile

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.

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