Canaccord Genuity Group Has Lowered Expectations for WH Smith (LON:SMWH) Stock Price

WH Smith (LON:SMWH) had its target price cut by research analysts at Canaccord Genuity Group from GBX 1,460 ($19.71) to GBX 1,350 ($18.23) in a research report issued on Monday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 25.70% from the company’s current price.

Several other research analysts have also commented on the stock. Shore Capital reiterated a “not rated” rating on shares of WH Smith in a research note on Wednesday, April 16th. Berenberg Bank restated a “buy” rating and set a GBX 1,600 ($21.60) price objective on shares of WH Smith in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,430 ($19.31).

WH Smith Stock Performance

SMWH stock opened at GBX 1,074 ($14.50) on Monday. WH Smith has a 1-year low of GBX 872.50 ($11.78) and a 1-year high of GBX 1,499 ($20.24). The company has a debt-to-equity ratio of 253.13, a current ratio of 0.85 and a quick ratio of 0.42. The company has a market capitalization of £1.38 billion, a P/E ratio of 22.16, a PEG ratio of 2.65 and a beta of 1.67. The business has a 50-day moving average price of GBX 974.60 and a 200 day moving average price of GBX 1,103.52.

WH Smith (LON:SMWH) last posted its quarterly earnings results on Wednesday, April 16th. The company reported GBX 23.40 ($0.32) EPS for the quarter. WH Smith had a net margin of 3.44% and a return on equity of 17.78%. As a group, equities research analysts forecast that WH Smith will post 100.9372747 EPS for the current fiscal year.

Insider Activity at WH Smith

In other WH Smith news, insider Annette Court purchased 1,090 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th. The shares were bought at an average price of GBX 918 ($12.39) per share, for a total transaction of £10,006.20 ($13,509.11). 1.21% of the stock is owned by insiders.

WH Smith Company Profile

WH Smith PLC operates as a retailer in the United Kingdom and internationally. It operates in two segments, Travel and High Street. The Travel segment offers news, books, and convenience for travelling customers. It operates stores in airports, hospitals, railway stations, and motorway service areas.