Smart Metering Systems’ (SMS) Buy Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Smart Metering Systems (LON:SMS) in a research report released on Thursday morning, Digital Look reports. Peel Hunt currently has a GBX 752 ($9.83) target price on the stock.

Separately, Shore Capital reiterated a not rated rating on shares of Smart Metering Systems in a research note on Monday, March 18th.

Shares of SMS stock opened at GBX 531 ($6.94) on Thursday. Smart Metering Systems has a 1-year low of GBX 485.50 ($6.34) and a 1-year high of GBX 845 ($11.04). The firm has a market cap of $596.97 million and a P/E ratio of 35.88. The company has a current ratio of 1.40, a quick ratio of 1.11 and a debt-to-equity ratio of 64.64.

The business also recently disclosed a dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, April 25th will be given a GBX 3.98 ($0.05) dividend. This is a positive change from Smart Metering Systems’s previous dividend of $2.00. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, April 25th. Smart Metering Systems’s dividend payout ratio (DPR) is presently 0.34%.

About Smart Metering Systems

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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