WH Smith’s (SMWH) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of WH Smith (LON:SMWH) in a research report sent to investors on Friday morning. The brokerage currently has a GBX 2,300 ($30.05) target price on the stock.

Several other research analysts also recently issued reports on SMWH. Royal Bank of Canada raised WH Smith to a top pick rating in a research note on Monday, July 9th. Peel Hunt reaffirmed 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 given a buy rating and one has given a strong buy rating to the company’s stock. WH Smith currently has an average rating of Buy and a consensus price target of GBX 2,145 ($28.03).

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

The company also recently announced a dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be given a dividend of GBX 38.10 ($0.50) per share. This represents a 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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