WH Smith (LON:SMWH) Price Target Cut to GBX 667 by Analysts at Berenberg Bank

WH Smith (LON:SMWH) had its price target decreased by Berenberg Bank from GBX 700 to GBX 667 in a report published on Monday, Marketbeat Ratings reports. Berenberg Bank currently has a hold rating on the stock.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of WH Smith from GBX 750 to GBX 800 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Peel Hunt reissued a “buy” rating and issued a GBX 800 price target on shares of WH Smith in a report on Friday, December 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 868.60.

WH Smith Price Performance

LON SMWH opened at GBX 696.50 on Monday. The stock has a 50-day simple moving average of GBX 649.64 and a 200 day simple moving average of GBX 757.99. WH Smith has a twelve month low of GBX 585.50 and a twelve month high of GBX 1,315. The stock has a market capitalization of £868.50 million, a PE ratio of -6.14, a P/E/G ratio of 2.65 and a beta of 1.67. The company has a debt-to-equity ratio of 253.13, a quick ratio of 0.42 and a current ratio of 0.85.

WH Smith (LON:SMWH) last issued its quarterly earnings results on Friday, December 19th. The company reported GBX (14.20) EPS for the quarter. WH Smith had a return on equity of 17.78% and a net margin of 3.44%. Research analysts anticipate that WH Smith will post 100.9372747 EPS for the current year.

Insider Buying and Selling

In other WH Smith news, insider Helen Rose purchased 7,972 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were purchased at an average price of GBX 627 per share, for a total transaction of £49,984.44. Also, insider Max Izzard sold 1,704 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of GBX 637, for a total transaction of £10,854.48. Insiders own 1.01% of the company’s stock.

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. 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.