JPMorgan Chase & Co. Lowers WH Smith (LON:SMWH) Price Target to GBX 575

WH Smith (LON:SMWH) had its price objective cut by equities researchers at JPMorgan Chase & Co. from GBX 700 to GBX 575 in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 36.06% from the company’s current price.

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a research note on Thursday, June 11th. UBS Group reaffirmed a “neutral” rating and set a GBX 600 price objective on shares of WH Smith in a research note on Friday, June 5th. Canaccord Genuity Group decreased their target price on WH Smith from GBX 762 to GBX 680 and set a “buy” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada decreased their target price on WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating for the company in a report on Monday, April 13th. Finally, Berenberg Bank decreased their target price on WH Smith from GBX 574 to GBX 420 and set a “hold” rating for the company in a report on Tuesday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 587.86.

WH Smith Trading Up 0.4%

LON SMWH opened at GBX 422.60 on Wednesday. WH Smith has a 12 month low of GBX 394.20 and a 12 month high of GBX 1,132. The company has a 50-day moving average of GBX 524.86 and a 200-day moving average of GBX 598.99. The company has a debt-to-equity ratio of 846.40, a current ratio of 0.33 and a quick ratio of 0.42. The company has a market cap of £526.96 million, a P/E ratio of -4.37, a P/E/G ratio of 2.65 and a beta of 0.92.

WH Smith (LON:SMWH) last posted its quarterly earnings data on Thursday, April 23rd. The company reported GBX (20) EPS for the quarter. WH Smith had a negative net margin of 9.48% and a negative return on equity of 90.46%. The company had revenue of £748 million for the quarter. As a group, equities analysts predict that WH Smith will post 100.9372747 earnings per share for the current year.

Insider Transactions at WH Smith

In related news, insider Simon Emeny purchased 2,439 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was purchased at an average price of GBX 410 per share, for a total transaction of £9,999.90. Also, insider Situl Jobanputra purchased 3,658 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average price of GBX 410 per share, with a total value of £14,997.80. Insiders have bought 438,494 shares of company stock worth $182,447,140 over the last 90 days. 1.05% of the stock is owned by corporate insiders.

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. 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.