Canaccord Genuity Group reaffirmed their buy rating on shares of WH Smith (LON:SMWH – Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a GBX 1,469 ($18.82) target price on the stock.
Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 1,600 ($20.49) target price on shares of WH Smith in a research note on Wednesday, June 5th.
Check Out Our Latest Report on WH Smith
WH Smith Stock Performance
WH Smith Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be given a dividend of GBX 11 ($0.14) per share. The ex-dividend date is Thursday, July 11th. This represents a dividend yield of 0.87%. WH Smith’s dividend payout ratio (DPR) is 6,530.61%.
Insider Transactions at WH Smith
In related news, insider Annette Court acquired 900 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of GBX 1,110 ($14.22) per share, for a total transaction of £9,990 ($12,796.21). Company insiders own 1.80% 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.
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