WH Smith (SMWH) Rating Reiterated by Royal Bank of Canada

WH Smith (LON:SMWH)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 2,500 ($32.67) price target on the stock, up from their previous price target of GBX 2,400 ($31.36). Royal Bank of Canada’s target price indicates a potential upside of 18.15% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,550 ($33.32) price objective (up previously from GBX 2,500 ($32.67)) on shares of WH Smith in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of WH Smith from GBX 2,300 ($30.05) to GBX 2,450 ($32.01) and gave the stock an “overweight” rating in a research note on Friday, April 12th. Barclays raised their price objective on shares of WH Smith from GBX 2,100 ($27.44) to GBX 2,215 ($28.94) and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, UBS Group reaffirmed a “sell” rating on shares of WH Smith in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. WH Smith currently has an average rating of “Buy” and a consensus target price of GBX 2,353 ($30.75).

Shares of LON SMWH opened at GBX 2,116 ($27.65) on Wednesday. The company has a market cap of $2.28 billion and a PE ratio of 21.55. WH Smith has a 12 month low of GBX 1,678 ($21.93) and a 12 month high of GBX 2,184 ($28.54). The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.28 and a current ratio of 0.91.

In related news, insider Robert Moorhead sold 25,000 shares of WH Smith stock in a transaction on Monday, February 18th. The shares were sold at an average price of GBX 2,038 ($26.63), for a total value 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.

Read More: What economic reports are most valuable to investors?

Analyst Recommendations for WH Smith (LON:SMWH)

Receive News & Ratings for WH Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WH Smith and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit