JPMorgan Chase & Co. Lowers WH Smith (LON:SMWH) Price Target to GBX 575

WH Smith (LON:SMWH) had its target price lowered by equities researchers at JPMorgan Chase & Co. from GBX 700 to GBX 575 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 36.06% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada cut their price target on WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating for the company in a research note on Monday, April 13th. Canaccord Genuity Group cut their price target on WH Smith from GBX 762 to GBX 680 and set a “buy” rating for the company in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their price target on WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a research note on Thursday, June 11th. UBS Group reaffirmed a “neutral” rating and set a GBX 600 price target on shares of WH Smith in a research note on Friday, June 5th. Finally, Berenberg Bank cut their price target on WH Smith from GBX 574 to GBX 420 and set a “hold” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, WH Smith has an average rating of “Hold” and a consensus price target of GBX 587.86.

WH Smith Price Performance

Shares of LON SMWH opened at GBX 422.60 on Wednesday. The firm has a market capitalization of £526.96 million, a P/E ratio of -4.37, a PEG ratio of 2.65 and a beta of 0.92. WH Smith has a one year low of GBX 394.20 and a one year high of GBX 1,132. The company’s fifty day moving average is GBX 524.86 and its two-hundred day moving average is GBX 598.99. The company has a debt-to-equity ratio of 846.40, a quick ratio of 0.42 and a current ratio of 0.33.

WH Smith (LON:SMWH) last issued its earnings results on Thursday, April 23rd. The company reported GBX (20) EPS for the quarter. The company had revenue of £748 million for the quarter. WH Smith had a negative return on equity of 90.46% and a negative net margin of 9.48%. Analysts forecast that WH Smith will post 100.9372747 EPS for the current fiscal year.

Insider Transactions at WH Smith

In other news, insider Leo Quinn bought 365,853 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average price of GBX 410 per share, with a total value of £1,499,997.30. Also, insider Helen Rose bought 12,195 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of GBX 410 per share, with a total value of £49,999.50. Insiders have acquired a total of 438,494 shares of company stock worth $182,447,140 in the last ninety days. Company insiders own 1.05% of the company’s stock.

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. 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.