WH Smith Plc’s (SMWH) “Overweight” Rating Reiterated at Barclays PLC
Barclays PLC reissued their overweight rating on shares of WH Smith Plc (LON:SMWH) in a report released on Tuesday morning. Barclays PLC currently has a GBX 2,270 ($29.86) price objective on the stock.
A number of other equities research analysts have also recently weighed in on the company. Numis Securities Ltd upgraded WH Smith Plc to a hold rating and set a GBX 1,975 ($25.98) price target on the stock in a research note on Friday, October 27th. Deutsche Bank AG restated a hold rating and issued a GBX 1,950 ($25.65) price target on shares of WH Smith Plc in a research note on Sunday, October 15th. J P Morgan Chase & Co increased their price target on WH Smith Plc from GBX 1,950 ($25.65) to GBX 2,150 ($28.28) and gave the company an overweight rating in a research note on Friday, October 13th. Peel Hunt reaffirmed a hold rating and issued a GBX 1,850 ($24.33) price objective on shares of WH Smith Plc in a report on Thursday, October 12th. Finally, Investec reaffirmed a buy rating and issued a GBX 2,100 ($27.62) price objective on shares of WH Smith Plc in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 1,950.67 ($25.66).
Shares of WH Smith Plc (LON:SMWH) opened at GBX 2,031 ($26.71) on Tuesday. WH Smith Plc has a fifty-two week low of GBX 1,398 ($18.39) and a fifty-two week high of GBX 2,106 ($27.70).
The company also recently disclosed a dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 11th will be issued a GBX 33.60 ($0.44) dividend. This represents a yield of 1.62%. This is a positive change from WH Smith Plc’s previous dividend of $14.60. The ex-dividend date of this dividend is Thursday, January 11th.
In other news, insider Robert Moorhead sold 25,000 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of GBX 2,035 ($26.77), for a total transaction of £508,750 ($669,143.76).
About WH Smith Plc
WH Smith PLC is a United Kingdom-based retailer in convenience, books and news for travelling customers. The Company is a high street stationer, bookseller and newsagent. The Company operates through two segments: High Street and Travel. The Company’s Travel business sells its products to cater for people on the move or in need of a convenience offer.
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