Canaccord Genuity Group Has Lowered Expectations for WH Smith (LON:SMWH) Stock Price

WH Smith (LON:SMWH - Get Free Report) had its price target decreased by equities researchers at Canaccord Genuity Group from GBX 1,460 ($19.76) to GBX 1,350 ($18.27) in a note issued to investors on Monday,Digital Look reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 26.76% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Berenberg Bank restated a "buy" rating and issued a GBX 1,600 ($21.66) target price on shares of WH Smith in a research note on Friday, February 28th. Shore Capital reissued a "not rated" rating on shares of WH Smith in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 1,430 ($19.36).

WH Smith Stock Up 1.1%

Shares of LON:SMWH opened at GBX 1,065 ($14.42) on Monday. The business's 50 day moving average is GBX 972.42 and its 200 day moving average is GBX 1,105. WH Smith has a 12-month low of GBX 872.50 ($11.81) and a 12-month high of GBX 1,499 ($20.29). The stock has a market cap of £1.37 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.65 and a beta of 1.67. The company has a quick ratio of 0.42, a current ratio of 0.85 and a debt-to-equity ratio of 253.13.

WH Smith (LON:SMWH - Get Free Report) last announced its earnings results on Wednesday, April 16th. The company reported GBX 23.40 ($0.32) EPS for the quarter. WH Smith had a net margin of 3.44% and a return on equity of 17.78%. On average, sell-side analysts forecast that WH Smith will post 100.9372747 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Annette Court acquired 1,090 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was bought at an average price of GBX 918 ($12.43) per share, with a total value of £10,006.20 ($13,543.85). 1.21% of the stock is currently owned by insiders.

WH Smith Company Profile

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.

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