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WH Smith Advances Share Buyback Program

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WH Smith Advances Share Buyback Program

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WH Smith ( (GB:SMWH) ) just unveiled an update.

WH Smith PLC announced the purchase of 44,923 of its own ordinary shares as part of a buyback program initiated in September 2024. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

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 Neutral.

WH Smith’s strong financial performance and strategic share buyback program enhance shareholder value and reflect market confidence. However, a high P/E ratio and potential overvaluation limit the overall score.

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

More about WH Smith

WH Smith PLC operates in the retail industry, primarily focusing on selling books, stationery, magazines, and convenience products. The company has a significant presence in travel locations such as airports and train stations, catering to travelers and commuters.

Average Trading Volume: 361,212

Technical Sentiment Signal: Sell

Current Market Cap: £1.34B

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

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