WH Smith Plc (SMWH) Receives Consensus Rating of “Buy” from Brokerages
WH Smith Plc (LON:SMWH) has received an average rating of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,950.67 ($25.74).
SMWH has been the subject of several research analyst reports. Deutsche Bank AG cut WH Smith Plc to a “hold” rating and set a GBX 1,950 ($25.73) target price for the company. in a research note on Friday, September 8th. Barclays PLC reiterated an “overweight” rating and set a GBX 2,270 ($29.96) target price on shares of WH Smith Plc in a research note on Friday, October 13th. Peel Hunt reiterated an “add” rating and set a GBX 1,850 ($24.41) target price on shares of WH Smith Plc in a research note on Wednesday, August 30th. J P Morgan Chase & Co increased their target price on WH Smith Plc from GBX 1,950 ($25.73) to GBX 2,150 ($28.37) and gave the company an “overweight” rating in a research note on Friday, October 13th. Finally, Investec reiterated a “buy” rating and set a GBX 2,100 ($27.71) target price on shares of WH Smith Plc in a research note on Friday, August 25th.
WH Smith Plc (LON:SMWH) traded up GBX 24 ($0.32) during trading on Friday, hitting GBX 2,069 ($27.30). The stock had a trading volume of 308,240 shares.
The company also recently disclosed a dividend, which will be paid on Thursday, February 1st. Investors of record on Thursday, January 11th will be paid a dividend of GBX 33.60 ($0.44) per share. The ex-dividend date of this dividend is Thursday, January 11th. This is a boost from WH Smith Plc’s previous dividend of $14.60. This represents a yield of 1.62%.
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In related news, insider Robert Moorhead sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of GBX 2,035 ($26.85), for a total transaction of £508,750 ($671,351.28).
WH Smith Plc Company Profile
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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