WH Smith (LON:SMWH) Price Target Cut to GBX 1,350 by Analysts at Canaccord Genuity Group

WH Smith (LON:SMWH) had its price objective decreased by Canaccord Genuity Group from GBX 1,460 ($19.79) to GBX 1,350 ($18.30) in a research report sent to investors on Monday, Marketbeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the company. Shore Capital reaffirmed a “not rated” rating on shares of WH Smith in a report on Wednesday, April 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,600 ($21.68) price target on shares of WH Smith in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,430 ($19.38).

WH Smith Stock Up 1.7%

Shares of LON SMWH opened at GBX 1,071 ($14.51) on Monday. WH Smith has a 52 week low of GBX 872.50 ($11.82) and a 52 week high of GBX 1,499 ($20.31). The business has a 50-day simple moving average of GBX 973.34 and a two-hundred day simple moving average of GBX 1,103.73. The company has a quick ratio of 0.42, a current ratio of 0.85 and a debt-to-equity ratio of 253.13. The company has a market cap of £1.38 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.65 and a beta of 1.67.

WH Smith (LON:SMWH) last issued its earnings results on Wednesday, April 16th. The company reported GBX 23.40 ($0.32) EPS for the quarter. WH Smith had a return on equity of 17.78% and a net margin of 3.44%. Research analysts anticipate that WH Smith will post 100.9372747 earnings per share for the current fiscal year.

Insider Activity at WH Smith

In other news, insider Annette Court acquired 1,090 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were bought at an average cost of GBX 918 ($12.44) per share, with a total value of £10,006.20 ($13,560.37). 1.21% of the stock is currently owned by insiders.

About WH Smith

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. It operates stores in airports, hospitals, railway stations, and motorway service areas.