WH Smith (LON:SMWH) Price Target Lowered to GBX 535 at Canaccord Genuity Group

WH Smith (LON:SMWH) had its price target reduced by Canaccord Genuity Group from GBX 555 to GBX 535 in a report issued on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. Berenberg Bank upped their price target on WH Smith from GBX 420 to GBX 440 and gave the company a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a report on Thursday, June 11th. JPMorgan Chase & Co. lowered their price objective on WH Smith from GBX 575 to GBX 550 and set an “overweight” rating on the stock in a research note on Thursday. Finally, UBS Group restated a “neutral” rating and issued a GBX 600 price objective on shares of WH Smith in a research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 566.43.

WH Smith Price Performance

Shares of LON SMWH opened at GBX 366.40 on Wednesday. The stock has a fifty day simple moving average of GBX 411.93 and a two-hundred day simple moving average of GBX 481.10. WH Smith has a 1-year low of GBX 345.60 and a 1-year high of GBX 712. The firm has a market cap of £551.43 million, a price-to-earnings ratio of -3.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.93. The company has a current ratio of 0.33, a quick ratio of 0.42 and a debt-to-equity ratio of 846.40.

Insider Activity at WH Smith

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