JPMorgan Chase & Co. Cuts WH Smith (LON:SMWH) Price Target to GBX 550

WH Smith (LON:SMWH) had its target price reduced by JPMorgan Chase & Co. from GBX 575 to GBX 550 in a report released on Thursday morning,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on SMWH. Canaccord Genuity Group decreased their price target on shares of WH Smith from GBX 680 to GBX 555 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft cut their price objective on WH Smith from GBX 550 to GBX 390 and set a “hold” rating on the stock in a research report on Thursday, June 11th. Berenberg Bank upped their target price on WH Smith from GBX 420 to GBX 440 and gave the stock a “hold” rating in a report on Thursday. Finally, UBS Group reissued a “neutral” rating and issued a GBX 600 target price on shares of WH Smith in a research report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 566.43.

WH Smith Stock Performance

Shares of SMWH stock opened at GBX 378 on Thursday. The firm has a market capitalization of £568.89 million, a price-to-earnings ratio of -3.91, a PEG ratio of 2.65 and a beta of 0.93. The stock has a fifty day moving average of GBX 411.13 and a 200 day moving average of GBX 478.25. WH Smith has a 52 week low of GBX 345.60 and a 52 week high of GBX 712. The company has a quick ratio of 0.42, a current ratio of 0.33 and a debt-to-equity ratio of 846.40.

Insider Transactions at WH Smith

In other WH Smith news, insider Simon Emeny bought 5,000 shares of WH Smith stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of GBX 398 per share, with a total value of £19,900. Also, insider Helen Rose purchased 11,102 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of GBX 450 per share, with a total value of £49,959. 1.05% of the stock is owned by corporate 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.