Peel Hunt Reiterates “Hold” Rating for WH Smith (SMWH)
WH Smith (LON:SMWH)‘s stock had its “hold” rating reissued by analysts at Peel Hunt in a report released on Tuesday. They currently have a GBX 1,850 ($24.90) price objective on the stock. Peel Hunt’s price target suggests a potential downside of 12.11% from the company’s current price.
SMWH has been the topic of a number of other research reports. Investec reiterated a “buy” rating and issued a GBX 2,100 ($28.26) price target on shares of WH Smith in a research note on Friday, August 25th. Deutsche Bank reiterated a “hold” rating and issued a GBX 1,950 ($26.24) price target on shares of WH Smith in a research note on Sunday, October 15th. Barclays reiterated an “overweight” rating and issued a GBX 2,270 ($30.55) price target on shares of WH Smith in a research note on Tuesday, November 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,300 ($30.96) price target on shares of WH Smith in a research note 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 target on the stock in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,985.60 ($26.72).
WH Smith (LON SMWH) opened at GBX 2,105 ($28.33) on Tuesday. WH Smith has a 52 week low of GBX 1,398 ($18.82) and a 52 week high of GBX 2,110 ($28.40).
In other WH Smith news, insider Robert Moorhead sold 25,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of GBX 2,035 ($27.39), for a total value of £508,750 ($684,724.09).
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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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