WH Smith (LON:SMWH) Given New GBX 550 Price Target at JPMorgan Chase & Co.

WH Smith (LON:SMWH) had its target price dropped by equities researchers at JPMorgan Chase & Co. from GBX 575 to GBX 550 in a research report issued to clients and investors on Thursday, Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 49.86% from the company’s current price.

A number of other brokerages also recently issued reports on SMWH. UBS Group restated a “neutral” rating and issued a GBX 600 price objective on shares of WH Smith in a research note on Friday, June 5th. Canaccord Genuity Group decreased their price objective on shares of WH Smith from GBX 680 to GBX 555 and set a “buy” rating for the company in a report on Wednesday, June 24th. Berenberg Bank boosted their target price on shares of WH Smith from GBX 420 to GBX 440 and gave the company a “hold” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced 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 report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 566.43.

WH Smith Stock Performance

Shares of SMWH stock opened at GBX 367 on Thursday. The company has a market cap of £552.34 million, a price-to-earnings ratio of -3.80, a price-to-earnings-growth ratio of 2.65 and a beta of 0.93. WH Smith has a 52 week low of GBX 345.60 and a 52 week high of GBX 712. 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 firm has a 50 day moving average of GBX 411.93 and a 200-day moving average of GBX 481.10.

Insider Activity

In other WH Smith news, insider Helen Rose purchased 11,102 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of GBX 450 per share, for a total transaction of £49,959. Also, insider Simon Emeny acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average cost of GBX 398 per share, with a total value of £19,900. 1.05% of the stock is owned by company insiders.

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.