WH Smith PLC (LON:SMWH) Receives Average Rating of “Buy” from Brokerages

WH Smith PLC (LON:SMWHGet Rating) has earned an average recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,927.50 ($22.79).

A number of research firms have commented on SMWH. JPMorgan Chase & Co. reduced their price objective on shares of WH Smith from GBX 1,930 ($22.82) to GBX 1,900 ($22.47) and set an “overweight” rating for the company in a research note on Friday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WH Smith from GBX 1,840 ($21.76) to GBX 1,390 ($16.44) and set a “buy” rating for the company in a research report on Thursday, October 20th. Finally, Barclays reduced their price target on shares of WH Smith from GBX 2,180 ($25.78) to GBX 1,975 ($23.35) and set an “overweight” rating for the company in a research report on Friday, November 11th.

Insider Activity at WH Smith

In other WH Smith news, insider Annette Court acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average price of GBX 1,393 ($16.47) per share, with a total value of £41,790 ($49,414.69).

WH Smith Price Performance

SMWH stock opened at GBX 1,364.50 ($16.13) on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.42 and a debt-to-equity ratio of 321.87. WH Smith has a one year low of GBX 1,110 ($13.13) and a one year high of GBX 1,730 ($20.46). The firm has a market capitalization of £1.79 billion and a PE ratio of -51.10. The firm has a 50-day moving average of GBX 1,277.94 and a two-hundred day moving average of GBX 1,396.67.

WH Smith Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 5th will be given a dividend of GBX 9.10 ($0.11) per share. This represents a yield of 0.64%. The ex-dividend date is Thursday, January 5th.

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.

Further Reading

Analyst Recommendations for WH Smith (LON:SMWH)

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