WH Smith (LON:SMWH) Price Target Cut to GBX 770
WH Smith (LON:SMWH) had its price objective lowered by research analysts at Citigroup from GBX 2,570 ($33.81) to GBX 770 ($10.13) in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s target price would suggest a potential downside of 18.52% from the company’s previous close.
A number of other brokerages also recently weighed in on SMWH. Barclays cut their price target on shares of WH Smith from GBX 2,705 ($35.58) to GBX 1,500 ($19.73) and set an “overweight” rating for the company in a report on Monday, March 16th. JPMorgan Chase & Co. reduced their price objective on shares of WH Smith from GBX 2,750 ($36.17) to GBX 2,210 ($29.07) and set an “overweight” rating for the company in a research note on Friday, March 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,000 ($26.31) price objective (down from GBX 2,750 ($36.17)) on shares of WH Smith in a research note on Tuesday, March 10th. HSBC upped their price objective on shares of WH Smith from GBX 2,810 ($36.96) to GBX 2,950 ($38.81) and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,500 ($32.89) price objective (down from GBX 3,000 ($39.46)) on shares of WH Smith in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,035 ($26.77).
LON SMWH traded up GBX 244.50 ($3.22) on Thursday, reaching GBX 945 ($12.43). The company’s stock had a trading volume of 1,514,378 shares, compared to its average volume of 316,134. WH Smith has a twelve month low of GBX 1,582 ($20.81) and a twelve month high of GBX 2,660 ($34.99). The company has a debt-to-equity ratio of 96.62, a quick ratio of 0.34 and a current ratio of 1.07. The stock has a market cap of $1.09 billion and a PE ratio of 9.72. The firm’s 50 day moving average is GBX 2,011.55 and its two-hundred day moving average is GBX 2,229.57.
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. As of August 31, 2018, it operated 867 units primarily in airports, railway stations, motorway service areas, hospitals, and workplaces.
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