WH Smith (LON:SMWH) Price Target Lowered to GBX 420 at Berenberg Bank

WH Smith (LON:SMWH) had its target price cut by Berenberg Bank from GBX 574 to GBX 420 in a research note released on Monday morning,London Stock Exchange reports. They currently have a hold rating on the stock.

A number of other research firms also recently weighed in on SMWH. Canaccord Genuity Group decreased their price target on shares of WH Smith from GBX 762 to GBX 680 and set a “buy” rating on the stock in a research note on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a GBX 600 price objective on shares of WH Smith in a report on Friday, June 5th. Royal Bank Of Canada decreased their target price on shares of WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of WH Smith from GBX 550 to GBX 390 and set a “hold” rating on the stock in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, WH Smith currently has an average rating of “Hold” and an average target price of GBX 620.

WH Smith Stock Performance

WH Smith stock traded down GBX 17 during trading hours on Monday, hitting GBX 420.40. The stock had a trading volume of 639,972 shares, compared to its average volume of 4,392,642. The company has a 50-day moving average of GBX 528.11 and a two-hundred day moving average of GBX 600.80. The company has a quick ratio of 0.42, a current ratio of 0.33 and a debt-to-equity ratio of 846.40. WH Smith has a fifty-two week low of GBX 394.20 and a fifty-two week high of GBX 1,132. The company has a market cap of £524.22 million, a PE ratio of -4.35, a price-to-earnings-growth ratio of 2.65 and a beta of 0.92.

WH Smith (LON:SMWH) last announced its quarterly earnings data on Thursday, April 23rd. The company reported GBX (20) earnings per share for the quarter. The firm had revenue of £748 million for the quarter. WH Smith had a negative return on equity of 90.46% and a negative net margin of 9.48%. On average, equities research analysts anticipate that WH Smith will post 100.9372747 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Max Izzard purchased 36,585 shares of the stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of GBX 410 per share, for a total transaction of £149,998.50. Also, insider Helen Rose acquired 12,195 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were bought at an average price of GBX 410 per share, with a total value of £49,999.50. Insiders have acquired 438,494 shares of company stock worth $182,447,140 over the last quarter. Corporate insiders own 1.05% 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.