WH Smith PLC (LON:SMWH) Receives GBX 570 Average Target Price from Analysts

WH Smith PLC (LON:SMWH) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 570.

Several brokerages have weighed in on SMWH. Canaccord Genuity Group dropped their price objective on WH Smith from GBX 680 to GBX 555 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. UBS Group reiterated a “neutral” rating and issued a GBX 600 target price on shares of WH Smith in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a research note on Thursday, June 11th. JPMorgan Chase & Co. cut their target price on WH Smith from GBX 700 to GBX 575 and set an “overweight” rating on the stock in a research note on Wednesday, June 17th. Finally, Berenberg Bank decreased their price target on WH Smith from GBX 574 to GBX 420 and set a “hold” rating for the company in a research report on Tuesday, June 16th.

WH Smith Stock Up 0.5%

Shares of LON:SMWH opened at GBX 384.82 on Thursday. The stock has a market cap of £579.16 million, a price-to-earnings ratio of -3.98, a PEG ratio of 2.65 and a beta of 0.93. The company has a quick ratio of 0.42, a current ratio of 0.33 and a debt-to-equity ratio of 846.40. WH Smith has a 12-month low of GBX 378.60 and a 12-month high of GBX 712. The business’s 50 day moving average is GBX 417.40 and its 200 day moving average is GBX 499.51.

Insider Activity at WH Smith

In related news, insider Max Izzard purchased 36,585 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of GBX 410 per share, with a total value of £149,998.50. Also, insider Helen Rose purchased 11,102 shares of WH Smith stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of GBX 450 per share, with a total value of £49,959. Over the last ninety days, insiders purchased 436,832 shares of company stock worth $179,485,200. 0.88% of the stock is owned by company 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. The High Street segment sells stationery products, including greeting cards, general stationery, art and craft, and gifting products; news and impulse products, such as newspapers, magazines, confectionery, and drinks; and books.