WH Smith (LON:SMWH) Stock Price Breaks Below 50 Day Moving Average – Time to Sell?

Shares of WH Smith PLC (LON:SMWH – Get Free Report) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 393.93 and traded as low as GBX 363.50. WH Smith shares last traded at GBX 374, with a volume of 3,193,383 shares traded.

Analyst Ratings Changes

SMWH has been the topic of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of WH Smith from GBX 575 to GBX 550 and set an “overweight” rating on the stock in a report on Thursday, September 17th. Canaccord Genuity Group decreased their price target on shares of WH Smith from GBX 555 to GBX 535 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Finally, Berenberg Bank increased their price target on shares of WH Smith from GBX 420 to GBX 440 and gave the company a “hold” rating in a report on Thursday, September 17th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 566.43.

Check Out Our Latest Analysis on SMWH

WH Smith Stock Performance

The company has a market cap of £562.87 million, a P/E ratio of -3.87, a price-to-earnings-growth 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. The stock has a 50 day moving average price of GBX 393.93 and a two-hundred day moving average price of GBX 485.09.

WH Smith (LON:SMWH – Get Free Report) last released its quarterly earnings results on Thursday, November 12th. The company reported GBX (68.70) earnings per share (EPS) for the quarter. The firm had revenue of GBX 162.50 billion during the quarter. WH Smith had a negative net margin of 9.48% and a negative return on equity of 90.46%. On average, research analysts predict that WH Smith PLC will post 100.94 earnings per share for the current fiscal year.

WH Smith Company Profile

(Get Free Report)

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.

Further Reading

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