WH Smith’s (SMWH) Hold Rating Reaffirmed at Peel Hunt
WH Smith (LON:SMWH)‘s stock had its “hold” rating restated by equities research analysts at Peel Hunt in a report released on Tuesday. They presently have a GBX 1,850 ($24.90) target price on the stock. Peel Hunt’s price objective would suggest a potential downside of 16.59% from the stock’s previous close.
SMWH has been the subject of several other reports. Investec reissued a “buy” rating and issued a GBX 2,100 ($28.26) target price on shares of WH Smith in a research report on Friday, August 25th. Deutsche Bank reissued a “hold” rating and issued a GBX 1,950 ($26.24) target price on shares of WH Smith in a research report on Sunday, October 15th. Barclays reissued an “overweight” rating and issued a GBX 2,270 ($30.55) target price on shares of WH Smith in a research report on Tuesday, November 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,300 ($30.96) target price on shares of WH Smith in a research report on Tuesday, November 28th. Finally, Numis Securities upgraded shares of WH Smith to a “hold” rating and set a GBX 1,975 ($26.58) price objective for the company in a research note on Friday, October 27th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 1,993.10 ($26.83).
WH Smith (LON:SMWH) traded up GBX 48 ($0.65) during mid-day trading on Tuesday, reaching GBX 2,218 ($29.85). 463,424 shares of the company’s stock traded hands, compared to its average volume of 323,232. WH Smith has a 12 month low of GBX 1,398 ($18.82) and a 12 month high of GBX 2,224 ($29.93).
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About WH Smith
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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