Canaccord Genuity Group Cuts WH Smith (LON:SMWH) Price Target to GBX 1,460

WH Smith (LON:SMWH) had its price objective trimmed by Canaccord Genuity Group from GBX 1,469 ($18.49) to GBX 1,460 ($18.38) in a research note published on Thursday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on SMWH. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,310 ($16.49) price objective on shares of WH Smith in a research report on Thursday, September 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,600 ($20.14) price target on shares of WH Smith in a report on Tuesday, October 15th.

WH Smith Stock Performance

Shares of SMWH opened at GBX 1,257 ($15.83) on Thursday. The company has a market capitalization of £1.64 billion, a PE ratio of 2,532.65, a price-to-earnings-growth ratio of 2.65 and a beta of 1.67. The company has a debt-to-equity ratio of 326.20, a current ratio of 0.64 and a quick ratio of 0.42. WH Smith has a one year low of GBX 1,069 ($13.46) and a one year high of GBX 1,499 ($18.87). The company’s fifty day moving average price is GBX 1,375.20 and its 200 day moving average price is GBX 1,260.50.

WH Smith Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 16th will be given a GBX 22.60 ($0.28) dividend. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.74%. This is an increase from WH Smith’s previous dividend of $11.00. WH Smith’s dividend payout ratio (DPR) is currently 6,530.61%.

Insider Transactions at WH Smith

In other WH Smith news, insider Situl Jobanputra acquired 1,250 shares of WH Smith stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of GBX 1,255 ($15.80) per share, with a total value of £15,687.50 ($19,750.09). 1.21% of the stock is owned by insiders.

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.