WH Smith’s (SMWH) “Outperform” Rating Reiterated at Royal Bank of Canada

WH Smith (LON:SMWHGet Rating)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a research report issued on Tuesday, MarketBeat.com reports. They presently have a GBX 2,100 ($26.23) price objective on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 46.24% from the company’s previous close.

Several other brokerages have also weighed in on SMWH. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,840 ($22.99) target price on shares of WH Smith in a research report on Wednesday, April 20th. Peel Hunt restated a “buy” rating and issued a GBX 2,300 ($28.73) target price on shares of WH Smith in a research report on Wednesday, January 19th. JPMorgan Chase & Co. reduced their price objective on WH Smith from GBX 1,741 ($21.75) to GBX 1,737 ($21.70) and set a “neutral” rating for the company in a research report on Thursday, January 20th. Barclays restated an “overweight” rating and issued a GBX 2,180 ($27.23) target price on shares of WH Smith in a research report on Wednesday, January 19th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,900 ($23.74) price target on shares of WH Smith in a research report on Monday, January 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, WH Smith has a consensus rating of “Buy” and an average price target of GBX 2,051 ($25.62).

Shares of WH Smith stock opened at GBX 1,436 ($17.94) on Tuesday. The stock has a market capitalization of £1.88 billion and a price-to-earnings ratio of -23.03. WH Smith has a twelve month low of GBX 1,259.71 ($15.74) and a twelve month high of GBX 1,923.50 ($24.03). The company has a current ratio of 0.82, a quick ratio of 0.44 and a debt-to-equity ratio of 483.61. The business’s 50 day simple moving average is GBX 1,475.59 and its 200-day simple moving average is GBX 1,522.62.

In other WH Smith news, insider Marion Sears purchased 500 shares of the firm’s stock in a transaction on Monday, March 14th. The shares were purchased at an average price of GBX 1,428 ($17.84) per share, for a total transaction of £7,140 ($8,919.43).

WH Smith Company Profile (Get Rating)

WH Smith PLC operates as a retailer in the United Kingdom and internationally. It operates in two segments, Travel and High Street. The Travel segment offers news, books, and convenience for travelling customers. As of August 31, 2021, it operated 1, 166 units primarily in airports, hospitals, railway stations, motorway service areas, and workplaces.

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