WH Smith Continues Share Buyback Program with Latest Purchase

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

WH Smith PLC announced the purchase of 47,295 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 3,551,927 shares repurchased under the program. This move is part of WH Smith’s strategy to manage its capital structure and enhance shareholder value, potentially impacting the company’s market positioning and stakeholder interests.

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 buoyed by strong financial performance and positive technical indicators, though its high P/E ratio suggests overvaluation. The ongoing buyback program provides a positive outlook on shareholder value, but high leverage remains a concern.

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 books, stationery, and related products. The company is known for its presence in travel locations such as airports and train stations, as well as on high streets, catering to a wide range of consumer needs in the UK and internationally.

Average Trading Volume: 359,552

Technical Sentiment Signal: Sell

Current Market Cap: £1.31B

See more insights into SMWH stock on TipRanks’ Stock Analysis page.