Canaccord Genuity Reaffirms “Hold” Rating for WH Smith Plc (SMWH)
WH Smith Plc (LON:SMWH)‘s stock had its “hold” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 1,525 ($18.87) price target on the stock. Canaccord Genuity’s price target points to a potential downside of 0.46% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Peel Hunt restated a “buy” rating and set a GBX 1,900 ($23.51) price target on shares of WH Smith Plc in a research note on Tuesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,870 ($23.14) price objective on shares of WH Smith Plc in a research report on Thursday, August 25th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,700 ($21.04) price objective on shares of WH Smith Plc in a research report on Wednesday, August 24th. Investec dropped their price objective on WH Smith Plc from GBX 1,820 ($22.52) to GBX 1,550 ($19.18) and set a “hold” rating on the stock in a research report on Wednesday, August 24th. Finally, Haitong Bank reaffirmed a “neutral” rating and set a GBX 1,680 ($20.79) price objective on shares of WH Smith Plc in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. WH Smith Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,686.07 ($20.87).
Shares of WH Smith Plc (LON:SMWH) traded up 0.46% during midday trading on Thursday, reaching GBX 1532.00. 662,131 shares of the company’s stock traded hands. WH Smith Plc has a one year low of GBX 1,174.00 and a one year high of GBX 1,893.00. The stock’s 50-day moving average price is GBX 1,549.03 and its 200 day moving average price is GBX 1,623.46. The firm’s market capitalization is GBX 1.75 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/canaccord-genuity-reaffirms-hold-rating-for-wh-smith-plc-smwh.html
The company also recently announced a dividend, which will be paid on Thursday, February 2nd. Investors of record on Thursday, January 12th will be issued a dividend of GBX 30.50 ($0.38) per share. This is an increase from WH Smith Plc’s previous dividend of $13.40. The ex-dividend date is Thursday, January 12th. This represents a dividend yield of 1.99%.
About WH Smith Plc
WH Smith PLC is a United Kingdom-based retail company. The Company operates through two divisions, namely, High Street and Travel. The Company’s Travel business sells its products to cater for people on the move or in need of a convenience offer. Its Travel business operates from around 740 units, including in airports, railway stations, motorway service areas, hospitals and workplaces.
Receive News & Ratings for WH Smith Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WH Smith Plc and related companies with MarketBeat.com's FREE daily email newsletter.