Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for WH Smith (LON:SMWH) Stock Price

WH Smith (LON:SMWH) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 1,030 to GBX 726 in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

A number of other research firms also recently weighed in on SMWH. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of WH Smith in a report on Wednesday, July 30th. Canaccord Genuity Group decreased their price objective on WH Smith from GBX 1,460 to GBX 1,350 and set a “buy” rating on the stock in a report on Monday, June 9th. Finally, Peel Hunt cut shares of WH Smith to a “hold” rating and cut their target price for the company from GBX 1,400 to GBX 755 in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,178.20.

WH Smith Stock Up 7.6%

LON SMWH opened at GBX 688.81 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.42 and a debt-to-equity ratio of 253.13. The stock’s 50 day moving average is GBX 1,065.81 and its two-hundred day moving average is GBX 1,055.22. The company has a market capitalization of £886.86 million, a price-to-earnings ratio of 14.21, a PEG ratio of 2.65 and a beta of 1.67. WH Smith has a 1-year low of GBX 628 and a 1-year high of GBX 1,499.

WH Smith Company Profile

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.