WH Smith (LON:SMWH – Get Free Report) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from GBX 575 to GBX 550 in a research note issued on Thursday, Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 49.86% from the stock’s current price.
Several other research firms also recently issued reports on SMWH. Berenberg Bank upped their price objective on WH Smith from GBX 420 to GBX 440 and gave the company a “hold” rating in a research note on Thursday. Canaccord Genuity Group reduced their price target on WH Smith from GBX 680 to GBX 555 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. UBS Group reissued a “neutral” rating and issued a GBX 600 price target on shares of WH Smith in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 566.43.
View Our Latest Stock Report on SMWH
WH Smith Trading Up 0.7%
Insider Buying and Selling at WH Smith
In other news, insider Simon Emeny bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of GBX 398 per share, for a total transaction of £19,900. Also, insider Helen Rose purchased 11,102 shares of the business’s stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of GBX 450 per share, for a total transaction of £49,959. Corporate 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.
Further Reading
- Five stocks we like better than WH Smith
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for WH Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WH Smith and related companies with MarketBeat.com's FREE daily email newsletter.
