Deutsche Bank Raises WH Smith (SMWH) Price Target to GBX 2,025
WH Smith (LON:SMWH) had its price target boosted by Deutsche Bank from GBX 1,950 ($26.24) to GBX 2,025 ($27.25) in a research report sent to investors on Friday morning. They currently have a hold rating on the stock.
Several other analysts also recently issued reports on SMWH. Royal Bank Of Canada reaffirmed an outperform rating on shares of WH Smith in a report on Monday, August 14th. Investec reaffirmed a buy rating and set a GBX 2,100 ($28.26) price objective on shares of WH Smith in a report on Friday, August 25th. Peel Hunt reaffirmed an add rating and set a GBX 1,850 ($24.90) price objective on shares of WH Smith in a report on Wednesday, August 30th. Barclays reaffirmed an overweight rating and set a GBX 1,990 ($26.78) price objective on shares of WH Smith in a report on Monday, September 25th. Finally, J P Morgan Chase & Co upped their price objective on shares of WH Smith from GBX 1,950 ($26.24) to GBX 2,150 ($28.94) and gave the stock an overweight rating in a report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 1,993.10 ($26.83).
Shares of WH Smith (LON:SMWH) opened at GBX 2,216 ($29.83) on Friday. WH Smith has a 1 year low of GBX 1,398 ($18.82) and a 1 year high of GBX 2,224 ($29.93).
In related news, insider Robert Moorhead sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of GBX 2,035 ($27.39), for a total transaction of £508,750 ($684,724.09).
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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.
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