WH Smith (LON:SMWH) Price Target Cut to GBX 420 by Analysts at Berenberg Bank

WH Smith (LON:SMWH) had its price objective lowered by analysts at Berenberg Bank from GBX 574 to GBX 420 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 0.29% from the stock’s current price.

A number of other analysts have also weighed in on SMWH. Royal Bank Of Canada lowered their target price on WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating for the company in a report on Monday, April 13th. UBS Group restated a “neutral” rating and set a GBX 600 target price on shares of WH Smith in a report on Friday, June 5th. Finally, Canaccord Genuity Group lowered their target price 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, WH Smith currently has an average rating of “Hold” and an average target price of GBX 668.

WH Smith Stock Down 4.3%

Shares of LON:SMWH opened at GBX 418.80 on Tuesday. WH Smith has a 52-week low of GBX 394.20 and a 52-week high of GBX 1,132. The stock has a market cap of £522.22 million, a P/E ratio of -4.33, a price-to-earnings-growth ratio of 2.65 and a beta of 0.92. The business’s 50 day moving average is GBX 528.11 and its 200 day moving average is GBX 600.80. The company has a quick ratio of 0.42, a current ratio of 0.33 and a debt-to-equity ratio of 846.40.

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

Insider Activity

In other WH Smith news, insider Situl Jobanputra acquired 3,658 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average price of GBX 410 per share, for a total transaction of £14,997.80. Also, insider Max Izzard bought 36,585 shares of WH Smith stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average price of GBX 410 per share, with a total value of £149,998.50. In the last 90 days, insiders have bought 438,494 shares of company stock worth $182,447,140. Company insiders own 1.05% of the company’s stock.

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. 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.