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An announcement from WH Smith ( (GB:SMWH) ) is now available.
Wellington Management International Ltd has surpassed the 5% threshold for voting rights in WH Smith PLC, indicating a significant stake in the company. This acquisition of voting rights may influence WH Smith’s strategic decisions and reflects Wellington’s confidence in the company’s market position.
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, airport, and motorway service area shops selling books, stationery, magazines, newspapers, and entertainment products.
Average Trading Volume: 362,243
Technical Sentiment Signal: Sell
Current Market Cap: £1.35B
See more insights into SMWH stock on TipRanks’ Stock Analysis page.