WH Smith Advances Share Buyback Program with Latest Purchase

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

WH Smith PLC announced the purchase of 45,529 ordinary shares as part of its ongoing buyback program, which was initially announced in September 2024. This move is part of a broader strategy to manage the company’s capital structure and enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share. The total number of shares purchased under the program has now reached over 3 million, indicating a substantial commitment to this financial strategy.

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 stock is supported by strong financial performance and strategic initiatives like share buybacks, which enhance shareholder value. However, high leverage and bearish technical indicators are significant concerns. The expensive valuation further moderates the overall outlook, despite a reasonable dividend yield.

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, newspapers, and magazines. The company has a significant presence in travel locations such as airports and train stations, catering to travelers’ needs.

Average Trading Volume: 354,904

Technical Sentiment Signal: Sell

Current Market Cap: £1.29B

Learn more about SMWH stock on TipRanks’ Stock Analysis page.