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WH Smith ( (GB:SMWH) ) has shared an announcement.
WH Smith PLC has announced the purchase of 46,511 ordinary shares as part of its ongoing buyback program, which was initially announced in September 2024. This transaction is part of a broader strategy to manage the company’s share capital, with the intention to cancel the purchased shares, thereby potentially increasing the value of remaining shares and enhancing shareholder value.
The most recent analyst rating on (GB:SMWH) stock is a Buy with a £13.20 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.
The overall score of 70 reflects WH Smith’s robust financial performance and strategic corporate actions, particularly the share buyback program, which supports shareholder value. However, high leverage and a high P/E ratio indicate financial risks and potential overvaluation.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
WH Smith PLC is a prominent player in the retail industry, primarily offering a range of products including books, stationery, and convenience items. The company operates both in physical stores and online, focusing on serving customers in travel locations such as airports and train stations, as well as on the high street.
Average Trading Volume: 359,076
Technical Sentiment Signal: Sell
Current Market Cap: £1.33B
Learn more about SMWH stock on TipRanks’ Stock Analysis page.