Brokerages Set WH Smith PLC (LON:SMWH) Price Target at GBX 570

WH Smith PLC (LON:SMWH) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 570.

SMWH has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating and set a GBX 600 price objective on shares of WH Smith in a report on Friday, June 5th. Canaccord Genuity Group cut their price objective on shares of WH Smith from GBX 680 to GBX 555 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their target price on shares of WH Smith from GBX 700 to GBX 575 and set an “overweight” rating for the company in a research note on Wednesday, June 17th. Berenberg Bank decreased their target price on shares of WH Smith from GBX 574 to GBX 420 and set a “hold” rating for the company in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of WH Smith from GBX 550 to GBX 390 and set a “hold” rating on the stock in a research note on Thursday, June 11th.

WH Smith Stock Performance

Shares of SMWH opened at GBX 373.60 on Thursday. The company has a market capitalization of £562.27 million, a PE ratio of -3.86, a PEG ratio of 2.65 and a beta of 0.93. The company has a debt-to-equity ratio of 846.40, a quick ratio of 0.42 and a current ratio of 0.33. The company’s 50 day moving average price is GBX 416.23 and its 200 day moving average price is GBX 491.77. WH Smith has a 52 week low of GBX 369 and a 52 week high of GBX 712.

Insider Activity at WH Smith

In other news, insider Simon Emeny bought 5,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of GBX 398 per share, for a total transaction of £19,900. Also, insider Helen Rose bought 11,102 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of GBX 450 per share, for a total transaction of £49,959. 1.05% of the stock is currently owned by insiders.

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. The High Street segment sells stationery products, including greeting cards, general stationery, art and craft, and gifting products; news and impulse products, such as newspapers, magazines, confectionery, and drinks; and books.