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WH Smith ( (GB:SMWH) ) has shared an announcement.
WH Smith PLC, a prominent retail company, announced the purchase of 45,662 of its own ordinary shares as part of a buyback program initiated in September 2024. The company plans to cancel these shares, which is part of a broader strategy that has seen the acquisition of over 4.4 million shares. This move is likely aimed at consolidating ownership and potentially enhancing shareholder value by reducing the number of shares in circulation.
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 score is driven by robust financial performance and positive corporate actions, including a substantial share buyback program. However, the high P/E ratio suggests potential overvaluation, and the company’s high leverage adds a risk factor. The technical indicators show a neutral to slightly bullish trend, supporting a moderately positive outlook.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
Average Trading Volume: 361,178
Technical Sentiment Signal: Sell
Current Market Cap: £1.37B
Learn more about SMWH stock on TipRanks’ Stock Analysis page.