WH Smith (LON:SMWH) Rating Lowered to Hold at Berenberg Bank

WH Smith (LON:SMWH) was downgraded by investment analysts at Berenberg Bank to a “hold” rating in a report released on Thursday, MarketBeat reports. They presently have a GBX 700 price objective on the stock, down from their prior price objective of GBX 1,600. Berenberg Bank’s price target would indicate a potential upside of 4.95% from the company’s current price.

A number of other equities analysts have also commented on the stock. Peel Hunt lowered shares of WH Smith to a “hold” rating and cut their price target for the stock from GBX 1,400 to GBX 755 in a report on Thursday, August 21st. Canaccord Genuity Group dropped their target price on shares of WH Smith from GBX 1,460 to GBX 1,350 and set a “buy” rating on the stock in a report on Monday, June 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of WH Smith from GBX 1,030 to GBX 726 and set a “hold” rating on the stock in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of WH Smith in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 998.20.

WH Smith Price Performance

Shares of LON:SMWH opened at GBX 667 on Thursday. The firm has a market cap of £830.82 million, a PE ratio of 14,822.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.67. The firm’s fifty day moving average is GBX 933.46 and its 200-day moving average is GBX 994.17. The company has a debt-to-equity ratio of 253.13, a quick ratio of 0.42 and a current ratio of 0.85. WH Smith has a 52 week low of GBX 628 and a 52 week high of GBX 1,499.

WH Smith Company Profile

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.