WH Smith (LON:SMWH) Lowered to Hold Rating by Berenberg Bank

Key Points

• Berenberg Bank has downgraded WH Smith to a "hold" rating and significantly reduced its price objective from GBX 1,600 to GBX 700.
• Other analysts including Peel Hunt and Deutsche Bank have also rated WH Smith as "hold," with price targets ranging from GBX 726 to GBX 755.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a consensus price target of GBX 998.20.

WH Smith (LON:SMWH - Get Free Report) was downgraded by Berenberg Bank to a "hold" rating in a report issued on Thursday,Digital Look reports. They presently have a GBX 700 price objective on the stock, down from their prior price objective of GBX 1,600. Berenberg Bank's price target would indicate a potential upside of 3.70% from the company's current price.

SMWH has been the topic of several other reports. Peel Hunt lowered WH Smith to a "hold" rating and lowered their price target for the company from GBX 1,400 to GBX 755 in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of WH Smith from GBX 1,030 to GBX 726 and set a "hold" rating on the stock in a research report on Thursday, August 21st. Canaccord Genuity Group decreased 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 report on Monday, June 9th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of WH Smith in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 998.20.

WH Smith Trading Down 1.6%

Shares of SMWH opened at GBX 675 on Thursday. WH Smith has a 12-month low of GBX 628 and a 12-month high of GBX 1,499. The company has a quick ratio of 0.42, a current ratio of 0.85 and a debt-to-equity ratio of 253.13. The firm has a market capitalization of £840.78 million, a price-to-earnings ratio of 15,000.00, a P/E/G ratio of 2.65 and a beta of 1.67. The stock's 50-day moving average price is GBX 942.32 and its 200 day moving average price is GBX 997.62.

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.

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