WH Smith’s (SMWH) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their hold rating on shares of WH Smith (LON:SMWH) in a report issued on Tuesday. They currently have a GBX 1,850 ($24.90) target price on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated an outperform rating on shares of WH Smith in a report on Monday, August 14th. J P Morgan Chase & Co raised their target price on shares of WH Smith from GBX 1,950 ($26.24) to GBX 2,150 ($28.94) and gave the company an overweight rating in a research note on Friday, October 13th. Numis Securities raised shares of WH Smith to a hold rating and set a GBX 1,975 ($26.58) target price on the stock in a research note on Friday, October 27th. Barclays reissued an overweight rating and issued a GBX 1,990 ($26.78) target price on shares of WH Smith in a research note on Monday, September 25th. Finally, Deutsche Bank reissued a hold rating and issued a GBX 1,950 ($26.24) target price on shares of WH Smith in a research note on Monday, October 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 1,985.60 ($26.72).

Shares of WH Smith (LON:SMWH) opened at GBX 2,152 ($28.96) on Tuesday. WH Smith has a 1 year low of GBX 1,398 ($18.82) and a 1 year high of GBX 2,147 ($28.90).

The company also recently declared a dividend, which will be paid on Thursday, February 1st. Investors of record on Thursday, January 11th will be paid a dividend of GBX 33.60 ($0.45) per share. This is an increase from WH Smith’s previous dividend of $14.60. The ex-dividend date of this dividend is Thursday, January 11th. This represents a yield of 1.62%.

In related news, insider Robert Moorhead sold 25,000 shares of WH Smith stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of GBX 2,035 ($27.39), for a total transaction of £508,750 ($684,724.09).

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WH Smith Company Profile

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.

Analyst Recommendations for WH Smith (LON:SMWH)

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