WH Smith (LON:SMWH – Get Free Report) had its price objective lowered by equities researchers at Berenberg Bank from GBX 574 to GBX 420 in a report issued on Monday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 1.20% from the company’s current price.
Several other equities analysts have also issued reports on the company. 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 research report on Monday, April 13th. UBS Group reissued a “neutral” rating and set a GBX 600 price objective on shares of WH Smith in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a report on Thursday, June 11th. Finally, Canaccord Genuity Group lowered their price objective on shares of WH Smith from GBX 762 to GBX 680 and set a “buy” rating for the company in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, WH Smith currently has a consensus rating of “Hold” and an average price target of GBX 620.
Check Out Our Latest Analysis on WH Smith
WH Smith Trading Down 5.1%
WH Smith (LON:SMWH – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported GBX (20) earnings per share (EPS) for the quarter. WH Smith had a negative return on equity of 90.46% and a negative net margin of 9.48%.The company had revenue of £748 million during the quarter. On average, research analysts expect that WH Smith will post 100.9372747 EPS for the current fiscal year.
Insider Buying and Selling
In other WH Smith news, insider Leo Quinn bought 365,853 shares of WH Smith stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average price of GBX 410 per share, for a total transaction of £1,499,997.30. Also, insider Simon Emeny bought 2,439 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average cost of GBX 410 per share, with a total value of £9,999.90. Insiders acquired 438,494 shares of company stock valued at $182,447,140 over the last ninety days. 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.
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