JPMorgan Chase & Co. Cuts WH Smith (LON:SMWH) Price Target to GBX 750

WH Smith (LON:SMWH) had its price target decreased by research analysts at JPMorgan Chase & Co. from GBX 900 to GBX 750 in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 16.01% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on WH Smith from GBX 1,030 to GBX 726 and set a “hold” rating for the company in a report on Thursday, August 21st. Peel Hunt lowered WH Smith to a “hold” rating and lowered their price objective for the stock from GBX 1,400 to GBX 755 in a research note on Thursday, August 21st. Finally, Berenberg Bank cut shares of WH Smith to a “hold” rating and cut their price objective for the stock from GBX 1,600 to GBX 700 in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 856.20.

WH Smith Stock Performance

SMWH opened at GBX 646.50 on Monday. The company has a market capitalization of £805.28 million, a price-to-earnings ratio of 143.67, a P/E/G ratio of 2.65 and a beta of 1.67. WH Smith has a 1 year low of GBX 585.50 and a 1 year high of GBX 1,315. The business’s 50-day moving average price is GBX 662.27 and its two-hundred day moving average price is GBX 875.25. The company has a debt-to-equity ratio of 253.13, a current ratio of 0.85 and a quick ratio of 0.42.

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.