Royal Bank Of Canada reissued their outperform rating on shares of WH Smith (LON:SMWH) in a research note published on Tuesday. They currently have a GBX 2,300 ($30.80) price target on the stock.

Several other research firms have also recently issued reports on SMWH. Barclays reissued an overweight rating and issued a GBX 2,270 ($30.40) price objective on shares of WH Smith in a research report on Friday, October 13th. Deutsche Bank reissued a hold rating and issued a GBX 1,950 ($26.11) price objective on shares of WH Smith in a research report on Monday, October 9th. Peel Hunt reissued an add rating and issued a GBX 1,850 ($24.78) price objective on shares of WH Smith in a research report on Wednesday, August 30th. Numis Securities raised shares of WH Smith to a hold rating and set a GBX 1,975 ($26.45) price objective for the company in a research report on Friday, October 27th. Finally, Investec reissued a buy rating and issued a GBX 2,100 ($28.12) price objective on shares of WH Smith in a research report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 1,985.60 ($26.59).

Shares of WH Smith (LON:SMWH) opened at GBX 2,090 ($27.99) on Tuesday. WH Smith has a 52-week low of GBX 1,398 ($18.72) and a 52-week high of GBX 2,110 ($28.26).

The firm also recently declared a dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be given a GBX 33.60 ($0.45) dividend. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, January 11th. This is a boost from WH Smith’s previous dividend of $14.60.

In other news, insider Robert Moorhead sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of GBX 2,035 ($27.25), for a total value of £508,750 ($681,331.19).

TRADEMARK VIOLATION WARNING: “Royal Bank Of Canada Reiterates “Outperform” Rating for WH Smith (SMWH)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/12/02/royal-bank-of-canada-reiterates-outperform-rating-for-wh-smith-smwh.html.

About WH Smith

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.

Analyst Recommendations for WH Smith (LON:SMWH)

Receive News & Stock Ratings for WH Smith Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WH Smith Plc and related stocks with our FREE daily email newsletter.