WH Smith Continues Share Buyback Program with Latest Purchase

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

WH Smith PLC announced the repurchase of 47,528 ordinary shares as part of its ongoing buyback program, which was initially announced in September 2024. The company plans to cancel these shares, contributing to a total of 3,270,415 shares repurchased under the program. This move is part of WH Smith’s strategy to manage its capital structure and enhance shareholder value.

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 financial performance is robust, driven by strong revenue growth and cash flow metrics, despite high leverage. Technical indicators suggest bullish short-term momentum, although valuation concerns remain with a high P/E ratio. The active share buyback program positively impacts shareholder value, but the stock’s overall score is moderated by valuation challenges.

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 offering a range of products including books, stationery, and convenience items. The company focuses on serving customers in travel locations such as airports and train stations, as well as on the high street.

Average Trading Volume: 353,432

Technical Sentiment Signal: Sell

Current Market Cap: £1.33B

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