WH Smith (LON:SMWH) Trading Down 36.8% Following Analyst Downgrade

WH Smith PLC (LON:SMWH) was down 36.8% on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 1,030 to GBX 726. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. WH Smith traded as low as GBX 691.50 ($9.35) and last traded at GBX 701.46 ($9.48). Approximately 8,430,871 shares were traded during mid-day trading, an increase of 1,630% from the average daily volume of 487,233 shares. The stock had previously closed at GBX 1,110 ($15.01).

Several other equities research analysts have also weighed in on SMWH. Canaccord Genuity Group cut their target price on shares of WH Smith from GBX 1,460 to GBX 1,350 and set a “buy” rating on the stock in a report on Monday, June 9th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of WH Smith in a report on Wednesday, July 30th. Finally, Peel Hunt lowered shares of WH Smith to a “hold” rating and cut their target price for the stock from GBX 1,400 to GBX 755 in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,178.20.

WH Smith Trading Up 11.1%

The business’s 50-day moving average price is GBX 1,058.41 and its 200 day moving average price is GBX 1,051.30. The company has a market cap of £915.43 million, a P/E ratio of 14.67, a P/E/G ratio of 2.65 and a beta of 1.67. 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 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.