Wellington Management Increases Stake in WH Smith PLC

WH Smith ( (GB:SMWH) ) has shared an update.

Wellington Management Group LLP has increased its stake in WH Smith PLC, crossing the 5% threshold of voting rights. This acquisition signifies a notable shift in shareholder composition, potentially impacting WH Smith’s strategic decisions and market positioning, with Wellington Management now holding a total of 5.12% of voting rights.

The most recent analyst rating on (GB:SMWH) stock is a Buy with a £1500.00 price target. To see the full list of analyst forecasts on WH Smith stock, see the GB:SMWH Stock Forecast page.

Spark’s Take on GB:SMWH Stock

According to Spark, TipRanks’ AI Analyst, GB:SMWH is a Outperform.

WH Smith’s stock is supported by strong financial performance and positive technical indicators, although high leverage and a high P/E ratio are concerns. The ongoing share buyback program further boosts investor confidence.

To see Spark’s full report on GB:SMWH stock, click here.

More about WH Smith

WH Smith PLC is a UK-based company operating in the retail industry, primarily known for its chain of high street, railway station, and airport stores. The company offers a range of products including books, stationery, magazines, and convenience items, and focuses on both domestic and international markets.

Average Trading Volume: 362,243

Technical Sentiment Signal: Sell

Current Market Cap: £1.35B

Find detailed analytics on SMWH stock on TipRanks’ Stock Analysis page.