Canaccord Genuity Group Cuts WH Smith (LON:SMWH) Price Target to GBX 1,460

WH Smith (LON:SMWH) had its target price cut by Canaccord Genuity Group from GBX 1,469 ($18.42) to GBX 1,460 ($18.30) in a report published on Thursday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on SMWH. Berenberg Bank restated a “buy” rating and issued a GBX 1,600 ($20.06) price objective on shares of WH Smith in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,310 ($16.42) target price on shares of WH Smith in a research report on Thursday, September 12th.

WH Smith Stock Up 1.0 %

LON SMWH opened at GBX 1,253 ($15.71) on Thursday. The stock’s 50 day simple moving average is GBX 1,372.52 and its 200 day simple moving average is GBX 1,262.83. WH Smith has a one year low of GBX 1,069 ($13.40) and a one year high of GBX 1,499 ($18.79). The firm has a market cap of £1.64 billion, a PE ratio of 2,557.14, a price-to-earnings-growth ratio of 2.65 and a beta of 1.67. The company has a debt-to-equity ratio of 326.20, a current ratio of 0.64 and a quick ratio of 0.42.

WH Smith Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 16th will be given a GBX 22.60 ($0.28) dividend. The ex-dividend date of this dividend is Thursday, January 16th. This is a positive change from WH Smith’s previous dividend of $11.00. This represents a dividend yield of 1.74%. WH Smith’s payout ratio is currently 6,530.61%.

Insider Activity

In other WH Smith news, insider Situl Jobanputra purchased 1,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of GBX 1,255 ($15.73) per share, with a total value of £15,687.50 ($19,665.91). Also, insider Robert Moorhead sold 10,194 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of GBX 1,266 ($15.87), for a total transaction of £129,056.04 ($161,785.18). Corporate insiders own 1.21% of the company’s stock.

About WH Smith

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.