WH Smith (LON:SMWH) Stock Passes Below 50-Day Moving Average of $1,993.28

WH Smith Plc (LON:SMWH)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1,993.28 and traded as low as $2,046.00. WH Smith shares last traded at $2,086.00, with a volume of 210,213 shares traded.

Several research firms have recently weighed in on SMWH. Royal Bank of Canada set a €565.00 ($656.98) price target on shares of Kering and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Peel Hunt downgraded shares of Low & Bonar to a “hold” rating and decreased their price target for the stock from GBX 20 ($0.26) to GBX 15 ($0.20) in a research note on Monday, May 20th. Barclays set a $14.00 price target on shares of Vale and gave the stock a “buy” rating in a research note on Friday, April 12th. UBS Group reissued a “hold” rating on shares of Daimler in a research note on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. set a €78.00 ($90.70) price target on shares of Porsche Automobil and gave the stock a “neutral” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 2,303 ($30.09).

The stock has a market cap of $2.25 billion and a PE ratio of 24.80. The stock has a 50-day moving average price of GBX 1,995. The company has a quick ratio of 0.40, a current ratio of 0.99 and a debt-to-equity ratio of 143.09.

In other news, insider Maurice Thompson acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average cost of GBX 1,994 ($26.06) per share, for a total transaction of £49,850 ($65,137.85).

About WH Smith (LON:SMWH)

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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