WH Smith (LON:SMWH) Price Target Raised to GBX 440

WH Smith (LON:SMWH) had its price objective upped by Berenberg Bank from GBX 420 to GBX 440 in a research note issued to investors on Thursday,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

Several other analysts also recently commented on SMWH. Deutsche Bank Aktiengesellschaft reduced 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 report on Thursday, June 11th. UBS Group reissued a “neutral” rating and set a GBX 600 target price on shares of WH Smith in a research note on Friday, June 5th. Canaccord Genuity Group reduced their price target on shares of WH Smith from GBX 680 to GBX 555 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. decreased their price target 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 566.43.

WH Smith Trading Down 1.3%

Shares of SMWH stock opened at GBX 378 on Thursday. The company has a market cap of £568.89 million, a P/E ratio of -3.91, a PEG ratio of 2.65 and a beta of 0.93. The stock has a 50 day simple moving average of GBX 411.13 and a two-hundred day simple moving average of GBX 478.25. The company has a debt-to-equity ratio of 846.40, a quick ratio of 0.42 and a current ratio of 0.33. WH Smith has a fifty-two week low of GBX 345.60 and a fifty-two week high of GBX 712.

Insider Activity at WH Smith

In other WH Smith news, insider Simon Emeny purchased 5,000 shares of WH Smith stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of GBX 398 per share, with a total value of £19,900. Also, insider Helen Rose purchased 11,102 shares of WH Smith stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of GBX 450 per share, with a total value of £49,959. 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.