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WH Smith ( (GB:SMWH) ) just unveiled an announcement.
WH Smith PLC has completed the sale of its UK High Street business to Modella Capital, aligning with its strategic focus on becoming a pure play global travel retailer. The transaction, initially valued at £52 million, was renegotiated to a potential £40 million due to softer trading conditions and stakeholder concerns, with revised terms including upfront, deferred, and tax asset-based considerations. This move positions WH Smith to better capture growth in the travel retail market, although it results in a more cautious financial outlook with expected net debt around £425 million by August 2025.
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 strategic initiatives, such as the share buyback program and focus on travel retail, are major positives. Technical indicators support a bullish outlook, though high leverage and valuation concerns slightly temper the overall assessment. The dividend yield adds to the stock’s attractiveness.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
WH Smith PLC is a global travel retailer, focusing on providing retail services in travel locations such as airports and train stations. The company is strategically focused on travel retail, aiming to capitalize on global growth opportunities in this sector.
Average Trading Volume: 356,488
Technical Sentiment Signal: Sell
Current Market Cap: £1.41B
See more insights into SMWH stock on TipRanks’ Stock Analysis page.