WH Smith (LON:SMWH) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of WH Smith (LON:SMWHFree Report) in a research note released on Monday, MarketBeat.com reports. They currently have a GBX 1,469 ($18.82) target price on the stock.

Separately, Berenberg Bank reissued a buy rating and issued a GBX 1,600 ($20.49) price objective on shares of WH Smith in a research report on Wednesday, June 5th.

Check Out Our Latest Research Report on WH Smith

WH Smith Stock Performance

Shares of SMWH stock opened at GBX 1,182 ($15.14) on Monday. The company has a current ratio of 0.64, a quick ratio of 0.42 and a debt-to-equity ratio of 326.20. The company has a market cap of £1.55 billion, a PE ratio of 2,412.24, a P/E/G ratio of 2.65 and a beta of 1.61. The company’s fifty day simple moving average is GBX 1,149.06 and its 200-day simple moving average is GBX 1,220.53. WH Smith has a 52 week low of GBX 1,069 ($13.69) and a 52 week high of GBX 1,569 ($20.10).

WH Smith Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be given a GBX 11 ($0.14) dividend. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 11th. WH Smith’s dividend payout ratio (DPR) is 6,530.61%.

Insider Activity

In other news, insider Annette Court acquired 900 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of GBX 1,110 ($14.22) per share, for a total transaction of £9,990 ($12,796.21). Insiders own 1.80% of the company’s stock.

WH Smith Company Profile

(Get Free Report)

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. It operates stores in airports, hospitals, railway stations, and motorway service areas.

Further Reading

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