WH Smith (LON:SMWH) Price Target Cut to GBX 555 by Analysts at Canaccord Genuity Group

WH Smith (LON:SMWH) had its price target lowered by investment analysts at Canaccord Genuity Group from GBX 680 to GBX 555 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 39.73% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada reduced their price target on WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft cut their target price 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. UBS Group reaffirmed a “neutral” rating and issued a GBX 600 target price on shares of WH Smith in a report on Friday, June 5th. Berenberg Bank decreased their price target on shares of WH Smith from GBX 574 to GBX 420 and set a “hold” rating for the company in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of WH Smith from GBX 700 to GBX 575 and set an “overweight” rating for the company in a report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 570.

WH Smith Stock Up 3.7%

Shares of WH Smith stock traded up GBX 14 during trading hours on Wednesday, reaching GBX 397.20. 600,694 shares of the company were exchanged, compared to its average volume of 4,233,286. The firm has a market cap of £495.29 million, a PE ratio of -4.11, a PEG ratio of 2.65 and a beta of 0.92. The company has a debt-to-equity ratio of 1,244.71, a quick ratio of 0.42 and a current ratio of 0.33. WH Smith has a 1 year low of GBX 378.60 and a 1 year high of GBX 1,132. The stock’s fifty day moving average is GBX 505.28 and its 200 day moving average is GBX 589.16.

WH Smith (LON:SMWH) last released its earnings results on Thursday, April 23rd. The company reported GBX (20) earnings per share (EPS) for the quarter. WH Smith had a negative net margin of 9.48% and a negative return on equity of 105.35%. The company had revenue of £748 million during the quarter. As a group, equities research analysts forecast that WH Smith will post 100.9372747 earnings per share for the current year.

Insider Activity

In other news, insider Simon Emeny acquired 2,439 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were bought at an average price of GBX 410 per share, with a total value of £9,999.90. Also, insider Helen Rose acquired 12,195 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of GBX 410 per share, for a total transaction of £49,999.50. Insiders acquired 438,494 shares of company stock worth $182,447,140 over the last three months. Company insiders own 1.05% of the company’s stock.

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.