WH Smith Plc (SMWH) Earns Overweight Rating from JPMorgan Chase & Co.
WH Smith Plc (LON:SMWH)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They currently have a GBX 1,850 ($22.90) target price on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 20.76% from the stock’s current price.
SMWH has been the subject of several other reports. Haitong Bank restated a “neutral” rating and issued a GBX 1,680 ($20.79) target price on shares of WH Smith Plc in a research note on Thursday. Barclays PLC restated an “equal weight” rating and issued a GBX 1,870 ($23.14) target price on shares of WH Smith Plc in a research note on Thursday, August 25th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,000 ($24.75) target price on shares of WH Smith Plc in a research note on Tuesday, October 4th. Investec dropped their price target on shares of 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, Peel Hunt reaffirmed a “buy” rating on shares of WH Smith Plc in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,678.93 ($20.78).
WH Smith Plc (LON:SMWH) opened at 1552.00 on Friday. WH Smith Plc has a 12 month low of GBX 1,174.00 and a 12 month high of GBX 1,893.00. The firm’s market cap is GBX 1.77 billion. The firm’s 50-day moving average price is GBX 1,549.03 and its 200-day moving average price is GBX 1,623.46.
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/2016/10/14/jpmorgan-chase-co-reaffirms-overweight-rating-for-wh-smith-plc-smwh.html
The business also recently declared a dividend, which will be paid on Thursday, February 2nd. Stockholders of record on Thursday, January 12th will be paid a dividend of GBX 30.50 ($0.38) per share. The ex-dividend date is Thursday, January 12th. This represents a dividend yield of 1.99%. This is a positive change from WH Smith Plc’s previous dividend of $13.40.
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.