JPMorgan Chase & Co. Forecasts Strong Price Appreciation for WH Smith (LON:SMWH) Stock

WH Smith (LON:SMWH) had its target price lifted by equities researchers at JPMorgan Chase & Co. from GBX 750 to GBX 800 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.48% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Berenberg Bank lowered shares of WH Smith to a “hold” rating and cut their price objective for the company from GBX 1,600 to GBX 700 in a report on Thursday, September 11th. Peel Hunt downgraded WH Smith to a “hold” rating and lowered their price target for the stock from GBX 1,400 to GBX 755 in a report on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of WH Smith from GBX 1,030 to GBX 726 and set a “hold” rating on the stock in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, WH Smith presently has a consensus rating of “Hold” and an average target price of GBX 866.20.

WH Smith Stock Performance

WH Smith stock opened at GBX 680.95 on Tuesday. 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 firm has a market capitalization of £848.19 million, a P/E ratio of 151.32, a price-to-earnings-growth ratio of 2.65 and a beta of 1.67. WH Smith has a 1-year low of GBX 585.50 and a 1-year high of GBX 1,315. The company’s 50-day moving average is GBX 661.26 and its 200 day moving average is GBX 857.92.

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.