WH Smith (SMWH) Price Target Raised to GBX 2,450
WH Smith (LON:SMWH) had its target price lifted by JPMorgan Chase & Co. from GBX 2,300 ($30.05) to GBX 2,450 ($32.01) in a research note released on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has an overweight rating on the stock.
Other analysts have also recently issued reports about the stock. Peel Hunt reaffirmed a buy rating on shares of WH Smith in a research report on Wednesday, March 27th. Barclays decreased their price target on shares of WH Smith from GBX 2,270 ($29.66) to GBX 2,100 ($27.44) and set an overweight rating for the company in a research report on Tuesday, January 15th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a GBX 2,400 ($31.36) price target (up from GBX 2,300 ($30.05)) on shares of WH Smith in a research report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. WH Smith has a consensus rating of Buy and an average price target of GBX 2,333 ($30.48).
Shares of WH Smith stock opened at GBX 2,130 ($27.83) on Friday. The company has a debt-to-equity ratio of 22.17, a current ratio of 0.91 and a quick ratio of 0.28. WH Smith has a twelve month low of GBX 1,678 ($21.93) and a twelve month high of GBX 2,184 ($28.54). The firm has a market cap of $2.30 billion and a P/E ratio of 21.69.
In other WH Smith news, insider Robert Moorhead sold 25,000 shares of the company’s stock in a transaction dated Monday, February 18th. The shares were sold at an average price of GBX 2,038 ($26.63), for a total value of £509,500 ($665,751.99).
About WH Smith
WH Smith PLC operates as a retailer in the United Kingdom and internationally. It operates in two segments, Travel and High Street. The Travel segment offers news, books, and convenience for travelling customers. As of August 31, 2018, it operated 867 units primarily in airports, railway stations, motorway service areas, hospitals, and workplaces.
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