WH Smith (LON:SMWH) Trading Down 36.8% – Here’s What Happened

WH Smith PLC (LON:SMWH) was down 36.8% during mid-day trading on Thursday . The stock traded as low as GBX 691.50 ($9.30) and last traded at GBX 701.46 ($9.44). Approximately 8,430,871 shares traded hands during trading, an increase of 1,630% from the average daily volume of 487,233 shares. The stock had previously closed at GBX 1,110 ($14.94).

Analysts Set New Price Targets

Several analysts have recently issued reports on SMWH shares. Canaccord Genuity Group lowered their price objective on shares of WH Smith from GBX 1,460 to GBX 1,350 and set a “buy” rating for the company in a research note on Monday, June 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of WH Smith in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, WH Smith presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,430.

WH Smith Trading Down 40.1%

The business’s 50-day moving average is GBX 1,074.86 and its two-hundred day moving average is GBX 1,059.57. The company has a current ratio of 0.85, a quick ratio of 0.42 and a debt-to-equity ratio of 253.13. The stock has a market capitalization of £855.72 million, a PE ratio of 13.71, a PEG ratio of 2.65 and a beta of 1.67.

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. It operates stores in airports, hospitals, railway stations, and motorway service areas.