WH Smith (LON:SMWH) Hits New 52-Week Low – What’s Next?

WH Smith PLC (LON:SMWH)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 585.50 and last traded at GBX 657.50, with a volume of 930129 shares trading hands. The stock had previously closed at GBX 613.50.

Analysts Set New Price Targets

Several equities analysts have commented on SMWH shares. Berenberg Bank lowered shares of WH Smith to a “hold” rating and lowered their price objective for the company from GBX 1,600 to GBX 700 in a research report on Thursday, September 11th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of WH Smith in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of WH Smith from GBX 1,030 to GBX 726 and set a “hold” rating on the stock in a report on Thursday, August 21st. Finally, Peel Hunt lowered shares of WH Smith to a “hold” rating and decreased their price objective for the company from GBX 1,400 to GBX 755 in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 998.20.

WH Smith Stock Down 1.4%

The business’s 50 day moving average is GBX 663.47 and its 200 day moving average is GBX 879.49. The company has a quick ratio of 0.42, a current ratio of 0.85 and a debt-to-equity ratio of 253.13. The company has a market cap of £807.50 million, a P/E ratio of 144.06, a P/E/G ratio of 2.65 and a beta of 1.67.

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.