WH Smith (LON:SMWH) Given New GBX 667 Price Target at Berenberg Bank

WH Smith (LON:SMWH) had its price target cut by Berenberg Bank from GBX 700 to GBX 667 in a report issued on Monday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 4.10% from the company’s current price.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. upped their price objective on WH Smith from GBX 750 to GBX 800 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Peel Hunt reissued a “buy” rating and set a GBX 800 price target on shares of WH Smith in a report on Friday, December 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, WH Smith presently has a consensus rating of “Moderate Buy” and an average target price of GBX 868.60.

WH Smith Price Performance

Shares of SMWH opened at GBX 695.50 on Monday. The business’s 50-day moving average is GBX 649.64 and its two-hundred day moving average is GBX 757.99. The company has a market capitalization of £867.25 million, a P/E ratio of -6.13, a P/E/G ratio of 2.65 and a beta of 1.67. WH Smith has a fifty-two week low of GBX 585.50 and a fifty-two week high of GBX 1,315. 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 data on Friday, December 19th. The company reported GBX (14.20) earnings per share (EPS) for the quarter. WH Smith had a net margin of 3.44% and a return on equity of 17.78%. Research analysts predict that WH Smith will post 100.9372747 earnings per share for the current year.

Insiders Place Their Bets

In other WH Smith news, insider Max Izzard sold 1,704 shares of the company’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. Also, insider Helen Rose acquired 7,972 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were bought at an average cost of GBX 627 per share, for a total transaction of £49,984.44. 1.01% of the stock is currently owned by company insiders.

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.