WH Smith (SMWH) Price Target Raised to GBX 2,215

WH Smith (LON:SMWH) had its price target raised by Barclays from GBX 2,100 ($27.44) to GBX 2,215 ($28.94) in a report issued on Friday, April 12th, ThisIsMoney.Co.Uk reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently commented on SMWH. Peel Hunt reissued a buy rating on shares of WH Smith in a research report on Wednesday, January 23rd. Royal Bank of Canada reissued an outperform rating and set a GBX 2,400 ($31.36) price target (up from GBX 2,300 ($30.05)) on shares of WH Smith in a research report on Tuesday, February 12th. Finally, JPMorgan Chase & Co. increased their price target on WH Smith from GBX 2,300 ($30.05) to GBX 2,450 ($32.01) and gave the company an overweight rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. WH Smith currently has an average rating of Buy and a consensus target price of GBX 2,353 ($30.75).

Shares of WH Smith stock traded up GBX 6 ($0.08) during trading hours on Friday, hitting GBX 2,036 ($26.60). The company’s stock had a trading volume of 206,584 shares, compared to its average volume of 316,134. WH Smith has a 12 month low of GBX 1,678 ($21.93) and a 12 month high of GBX 2,222 ($29.03). The company has a market capitalization of $2.20 billion and a P/E ratio of 24.21. The company has a debt-to-equity ratio of 143.09, a current ratio of 0.99 and a quick ratio of 0.40.

The company also recently disclosed a dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 11th will be issued a dividend of GBX 17.20 ($0.22) per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, July 11th. WH Smith’s dividend payout ratio (DPR) is 0.90%.

In related news, insider Robert Moorhead sold 25,000 shares of the firm’s stock in a transaction on Monday, February 18th. The stock was sold at an average price of GBX 2,038 ($26.63), for a total transaction of £509,500 ($665,751.99).

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. As of August 31, 2018, it operated 867 units primarily in airports, railway stations, motorway service areas, hospitals, and workplaces.

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Analyst Recommendations for WH Smith (LON:SMWH)

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