Shares of WH Smith Plc (LON:SMWH) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 2,137.50 ($27.93).
Several analysts recently commented on SMWH shares. Peel Hunt upgraded shares of WH Smith to a “buy” rating and raised their price target for the company from GBX 1,950 ($25.48) to GBX 2,100 ($27.44) in a research report on Wednesday, October 31st. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,300 ($30.05) price target on shares of WH Smith in a research report on Friday, October 12th. Barclays restated an “overweight” rating on shares of WH Smith in a research report on Friday, October 12th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of WH Smith in a research report on Tuesday, October 16th.
In related news, insider Stephen Clarke sold 69,487 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of GBX 1,959 ($25.60), for a total transaction of £1,361,250.33 ($1,778,714.66).
Shares of WH Smith stock traded down GBX 19 ($0.25) during trading on Monday, hitting GBX 1,880 ($24.57). 225,236 shares of the company’s stock were exchanged, compared to its average volume of 316,134. WH Smith has a 52-week low of GBX 1,635 ($21.36) and a 52-week high of GBX 2,347 ($30.67).
The company also recently declared a dividend, which will be paid on Thursday, January 31st. Investors 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 a positive change from WH Smith’s previous dividend of $16.00.
WH Smith Company Profile
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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