WH Smith Advances Share Buyback Program with New Purchase

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

WH Smith PLC announced the purchase of 45,888 ordinary shares as part of its ongoing buyback program, which was initiated in September 2024. This move is part of the company’s strategy to manage its share capital and enhance shareholder value, with the purchased shares intended for cancellation. The company has acquired a total of 3,694,270 shares since the program’s inception, reflecting its commitment to optimizing its capital structure and potentially impacting its market positioning.

The most recent analyst rating on (GB:SMWH) stock is a Buy with a £1450.00 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 strong financial performance and positive corporate actions, like the share buyback program, are significant strengths. However, the high P/E ratio indicates overvaluation concerns. Technical indicators are mixed, with bullish momentum but price lagging behind key moving averages.

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, and other related products. The company has a significant presence in travel locations such as airports and train stations, catering to travelers’ needs with its diverse product offerings.

Average Trading Volume: 359,093

Technical Sentiment Signal: Sell

Current Market Cap: £1.28B

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