WH Smith (LON:SMWH) Price Target Lowered to GBX 1,460 at Canaccord Genuity Group

WH Smith (LON:SMWH) had its price objective reduced by Canaccord Genuity Group from GBX 1,469 ($18.49) to GBX 1,460 ($18.38) in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,310 ($16.49) target price on shares of WH Smith in a report on Thursday, September 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,600 ($20.14) price objective on shares of WH Smith in a research note on Tuesday, October 15th.

WH Smith Trading Up 1.3 %

Shares of LON SMWH opened at GBX 1,257 ($15.83) on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.64 and a debt-to-equity ratio of 326.20. WH Smith has a 12 month low of GBX 1,069 ($13.46) and a 12 month high of GBX 1,499 ($18.87). The company has a market cap of £1.64 billion, a price-to-earnings ratio of 2,532.65, a P/E/G ratio of 2.65 and a beta of 1.67. The business has a fifty day simple moving average of GBX 1,375.20 and a 200-day simple moving average of GBX 1,260.50.

WH Smith Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 16th will be issued a GBX 22.60 ($0.28) dividend. This is an increase from WH Smith’s previous dividend of $11.00. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.74%. WH Smith’s dividend payout ratio is currently 6,530.61%.

Insider Buying and Selling

In other news, insider Situl Jobanputra acquired 1,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of GBX 1,255 ($15.80) per share, for a total transaction of £15,687.50 ($19,750.09). 1.21% of the stock is currently owned by corporate 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.