WH Smith’s (SMWH) “Overweight” Rating Reaffirmed at Barclays

Barclays reiterated their overweight rating on shares of WH Smith (LON:SMWH) in a research note issued to investors on Friday.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 2,300 ($30.05) price target on shares of WH Smith in a research note on Friday. Royal Bank of Canada upgraded WH Smith to a top pick rating in a research note on Monday, July 9th. Finally, Peel Hunt reiterated a hold rating on shares of WH Smith in a research note on Thursday, August 30th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 2,145 ($28.03).

WH Smith stock traded up GBX 72 ($0.94) during midday trading on Friday, reaching GBX 1,872 ($24.46). The stock had a trading volume of 1,438,759 shares, compared to its average volume of 316,134. WH Smith has a 12 month low of GBX 1,635 ($21.36) and a 12 month high of GBX 2,347 ($30.67).

The firm also recently announced a dividend, which will be paid on Thursday, January 31st. Stockholders of record on Thursday, January 10th will be paid a GBX 38.10 ($0.50) dividend. This represents a dividend yield of 2.12%. The ex-dividend date is Thursday, January 10th. This is an increase from WH Smith’s previous dividend of $16.00.

About WH Smith

WH Smith PLC operates as a retailer in the United Kingdom and internationally. It operates through two segments, High Street and Travel. The High Street segment sells stationery products, including greetings cards, general stationery, art and craft, and gifting products; news and impulse products, such as newspapers, magazines, confectionery, and drinks; and books.

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Analyst Recommendations for WH Smith (LON:SMWH)

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