WH Smith Plc (SMWH) Upgraded to “Overweight” by Barclays PLC
WH Smith Plc (LON:SMWH) was upgraded by equities researchers at Barclays PLC to an “overweight” rating in a report released on Monday. The firm presently has a GBX 1,990 ($25.89) price objective on the stock. Barclays PLC’s price target would suggest a potential upside of 10.56% from the company’s previous close.
Several other brokerages have also weighed in on SMWH. Liberum Capital reissued a “hold” rating and set a GBX 1,700 ($22.12) price objective on shares of WH Smith Plc in a report on Wednesday, April 12th. Canaccord Genuity reissued a “hold” rating and set a GBX 1,661 ($21.61) price objective on shares of WH Smith Plc in a report on Wednesday, April 12th. Deutsche Bank AG increased their price objective on WH Smith Plc from GBX 1,750 ($22.77) to GBX 1,950 ($25.37) and gave the company a “buy” rating in a report on Thursday, April 13th. JPMorgan Chase & Co. increased their price objective on WH Smith Plc from GBX 1,850 ($24.07) to GBX 1,950 ($25.37) and gave the company an “overweight” rating in a report on Thursday, April 13th. Finally, Investec raised WH Smith Plc to a “buy” rating and increased their price objective for the company from GBX 1,550 ($20.16) to GBX 1,900 ($24.72) in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 1,813.73 ($23.59).
WH Smith Plc (LON:SMWH) traded up 1.47% during mid-day trading on Monday, reaching GBX 1800.00. The company had a trading volume of 345,282 shares. The stock has a 50-day moving average of GBX 1,780.38 and a 200 day moving average of GBX 1,639.33. The company’s market capitalization is GBX 2.00 billion. WH Smith Plc has a 12-month low of GBX 1,174.00 and a 12-month high of GBX 1,963.00.
The business also recently declared a dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, July 13th will be issued a GBX 14.60 ($0.19) dividend. This represents a dividend yield of 0.82%. The ex-dividend date is Thursday, July 13th.
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About WH Smith Plc
WH Smith PLC is a United Kingdom-based retailer in convenience, books and news for travelling customers. The Company is a high street stationer, bookseller and newsagent. The Company operates through two segments: 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.
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