Barclays Reiterates “Overweight” Rating for WH Smith (SMWH)
WH Smith (LON:SMWH)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a note issued to investors on Friday, AmericanBankingNews.com reports. They currently have a GBX 990 ($16.24) target price on the stock. Barclays’ price target suggests a potential upside of 0.71% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of WH Smith in a research note to investors on Friday. They now have a GBX 1,100 ($18.04) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of WH Smith from GBX 1,075 ($17.63) to GBX 1,090 ($17.88) in a research note to investors on Friday, December 13th. They now have a “buy” rating on the stock. Finally, analysts at Investec initiated coverage on shares of WH Smith in a research note to investors on Friday, December 6th. They set a “buy” rating and a GBX 1,200 ($19.68) price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 853.20 ($13.99).
Shares of WH Smith (LON:SMWH) opened at 1004.02 on Friday. WH Smith has a 1-year low of GBX 570.00 and a 1-year high of GBX 1050.00. The stock has a 50-day moving average of GBX 985.5 and a 200-day moving average of GBX 872.4. The company’s market cap is £1.194 billion.
WH Smith PLC is a retail company. The Company has two businesses divisions: Travel and High Street. Its Travel division sells a range of newspapers, magazines, books and impulse products in airports, train stations, hospitals, workplaces and bus stations, and High Street division sells a range of books, stationery, newspapers, magazines and entertainment products.
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