WH Smith (SMWH) Price Target Raised to GBX 2,300 at JPMorgan Chase & Co.
WH Smith (LON:SMWH) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 2,150 ($29.16) to GBX 2,300 ($31.19) in a report issued on Thursday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 6.28% from the company’s current price.
Several other brokerages also recently issued reports on SMWH. Deutsche Bank reissued a “hold” rating and issued a GBX 2,025 ($27.46) price target on shares of WH Smith in a report on Tuesday, January 2nd. Peel Hunt reissued a “hold” rating and issued a GBX 1,850 ($25.09) price target on shares of WH Smith in a report on Tuesday, December 5th. Numis Securities raised WH Smith to a “hold” rating and set a GBX 1,975 ($26.78) price target on the stock in a report on Friday, October 27th. Barclays reissued an “overweight” rating and issued a GBX 2,270 ($30.78) price target on shares of WH Smith in a report on Friday, October 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,300 ($31.19) target price on shares of WH Smith in a research note on Tuesday, November 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. WH Smith currently has a consensus rating of “Hold” and an average price target of GBX 2,034 ($27.58).
Shares of WH Smith (LON:SMWH) opened at GBX 2,164 ($29.35) on Thursday. The stock has a market capitalization of $2,370.00 and a P/E ratio of 2,080.77. WH Smith has a 1-year low of GBX 1,521 ($20.63) and a 1-year high of GBX 2,347 ($31.83).
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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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