WH Smith (LON:SMWH) Trading Down 33% - Time to Sell?

Key Points

• WH Smith's stock price dropped 33% on Thursday, trading as low as GBX 743.50 ($10.00) from a previous closing price of GBX 1,110 ($14.94).
• Despite the plunge, Wall Street analysts maintain a consensus rating of "Moderate Buy" with a price target of GBX 1,430, although Canaccord Genuity lowered their price objective from GBX 1,460 to GBX 1,350.
• WH Smith has a market capitalization of approximately £855.72 million and operates primarily in the Travel and High Street segments, offering products in airports, hospitals, and other locations.

WH Smith PLC (LON:SMWH - Get Free Report) dropped 33% on Thursday . The company traded as low as GBX 743.50 ($10.00) and last traded at GBX 744 ($10.01). Approximately 7,481,961 shares were traded during mid-day trading, an increase of 1,454% from the average daily volume of 481,375 shares. The stock had previously closed at GBX 1,110 ($14.94).

Wall Street Analysts Forecast Growth

SMWH has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of WH Smith in a research report on Wednesday, July 30th. Canaccord Genuity Group decreased their price objective 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, WH Smith presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,430.

WH Smith Price Performance

The business's 50 day moving average is GBX 1,074.86 and its 200-day moving average is GBX 1,059.57. The firm has a market capitalization of £855.72 million, a P/E ratio of 13.71, 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 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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