WH Smith PLC (LON:SMWH) Receives GBX 570 Average Price Target from Brokerages

Shares of WH Smith PLC (LON:SMWH) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 570.

Several equities research analysts have issued reports on SMWH shares. Berenberg Bank decreased their price target on shares of WH Smith from GBX 574 to GBX 420 and set a “hold” rating on the stock in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a research report on Thursday, June 11th. Royal Bank Of Canada reduced their price objective on shares of WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. Canaccord Genuity Group decreased their target price on shares of WH Smith from GBX 680 to GBX 555 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 600 target price on shares of WH Smith in a research note on Friday, June 5th.

Insiders Place Their Bets

In other WH Smith news, insider Helen Rose bought 12,195 shares of WH Smith stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average cost of GBX 410 per share, for a total transaction of £49,999.50. Also, insider Situl Jobanputra bought 3,658 shares of WH Smith stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of GBX 410 per share, for a total transaction of £14,997.80. Over the last 90 days, insiders have bought 443,494 shares of company stock valued at $184,437,140. 0.88% of the stock is currently owned by company insiders.

WH Smith Stock Down 1.3%

SMWH opened at GBX 403 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.33 and a debt-to-equity ratio of 846.40. The firm has a market cap of £606.51 million, a P/E ratio of -4.17, a PEG ratio of 2.65 and a beta of 0.92. WH Smith has a 52 week low of GBX 378.60 and a 52 week high of GBX 1,120. The business’s fifty day simple moving average is GBX 444.68 and its 200 day simple moving average is GBX 557.17.

WH Smith (LON:SMWH) last posted its quarterly earnings data on Thursday, April 23rd. The company reported GBX (20) 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 for the quarter. As a group, equities research analysts anticipate that WH Smith will post 100.9372747 EPS for the current fiscal year.

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.