Deutsche Bank Aktiengesellschaft Has Lowered Expectations for WH Smith (LON:SMWH) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has reduced its target price for WH Smith from GBX 1,030 to GBX 726 and maintains a "hold" rating on the stock, indicating a potential upside of only 5.83% from its previous close.
• Other analysts have also lowered their target prices, with Canaccord Genuity decreasing it from GBX 1,460 to GBX 1,350 while maintaining a "buy" rating.
• WH Smith's stock has shown a volatile 12-month performance, reaching a high of GBX 1,499 and a low of GBX 628, now trading around GBX 686.

WH Smith (LON:SMWH - Get Free Report) had its price target cut by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,030 to GBX 726 in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 5.37% from the stock's current price.

Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of WH Smith from GBX 1,460 to GBX 1,350 and set a "buy" rating on the stock in a research note on Monday, June 9th. Peel Hunt cut WH Smith to a "hold" rating and lowered their price target for the stock from GBX 1,400 to GBX 755 in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of WH Smith in a research report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, WH Smith currently has an average rating of "Moderate Buy" and an average target price of GBX 1,178.20.

WH Smith Stock Down 1.6%

Shares of LON SMWH traded down GBX 11 during mid-day trading on Thursday, reaching GBX 689. 799,843 shares of the company's stock traded hands, compared to its average volume of 538,489. The business has a 50-day simple moving average of GBX 1,042.87 and a 200 day simple moving average of GBX 1,041.83. WH Smith has a 1-year low of GBX 628 and a 1-year high of GBX 1,499. The company has a debt-to-equity ratio of 253.13, a current ratio of 0.85 and a quick ratio of 0.42. The stock has a market cap of £887.10 million, a P/E ratio of 14.21, a PEG ratio of 2.65 and a beta of 1.67.

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.