WH Smith Continues Share Buyback Program with Latest Purchase

An update from WH Smith ( (GB:SMWH) ) is now available.

WH Smith PLC has announced the purchase of 46,497 ordinary shares as part of its ongoing share buyback program, which was initially announced in September 2024. The company plans to cancel these shares, contributing to a total of 3,412,706 shares purchased under the program. This move is part of WH Smith’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation. The buyback program reflects the company’s confidence in its financial position and its commitment to returning value to shareholders.

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.

The overall stock score reflects strong financial performance and a positive impact from corporate events, particularly the share buyback program. However, mixed technical indicators and high valuation metrics due to a lofty P/E ratio temper the score.

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

More about WH Smith

WH Smith PLC is a British retail company primarily operating in the travel and high street sectors. The company is known for its chain of convenience stores, which offer a range of products including books, stationery, magazines, and confectionery. WH Smith focuses on serving customers in travel locations such as airports and railway stations, as well as maintaining a presence on the high street.

Average Trading Volume: 363,942

Technical Sentiment Signal: Sell

Current Market Cap: £1.34B

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