WH Smith (LON:SMWH) Given New GBX 420 Price Target at Berenberg Bank

WH Smith (LON:SMWH) had its price target cut by stock analysts at Berenberg Bank from GBX 574 to GBX 420 in a research note issued to investors on Monday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 1.20% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Royal Bank Of Canada reduced their price target 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of WH Smith from GBX 550 to GBX 390 and set a “hold” rating for the company in a research note on Thursday, June 11th. UBS Group reissued a “neutral” rating and issued a GBX 600 target price on shares of WH Smith in a report on Friday, June 5th. Finally, Canaccord Genuity Group dropped their price target on WH Smith from GBX 762 to GBX 680 and set a “buy” rating for the company in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 620.

WH Smith Price Performance

LON:SMWH traded down GBX 22.40 during trading hours on Monday, reaching GBX 415. The company had a trading volume of 583,685 shares, compared to its average volume of 4,392,148. 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 stock has a 50-day moving average of GBX 528.11 and a two-hundred day moving average of GBX 600.80. WH Smith has a one year low of GBX 394.20 and a one year high of GBX 1,132. The firm has a market capitalization of £517.48 million, a PE ratio of -4.29, a PEG ratio of 2.65 and a beta of 0.92.

WH Smith (LON:SMWH) last issued its earnings results on Thursday, April 23rd. The company reported GBX (20) EPS for the quarter. WH Smith had a negative net margin of 9.48% and a negative return on equity of 90.46%. The firm had revenue of £748 million during the quarter. Analysts forecast that WH Smith will post 100.9372747 earnings per share for the current year.

Insider Transactions at WH Smith

In other news, insider Helen Rose purchased 12,195 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of GBX 410 per share, with a total value of £49,999.50. Also, insider Max Izzard purchased 36,585 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average price of GBX 410 per share, for a total transaction of £149,998.50. In the last three months, insiders purchased 438,494 shares of company stock worth $182,447,140. 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.