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WH Smith ( (GB:SMWH) ) has issued an announcement.
WH Smith PLC has announced the purchase of 43,800 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 4,060,674 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 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 strong financial performance and strategic corporate actions, such as share buybacks and a focus on travel retail, are positive factors. However, the high P/E ratio suggests overvaluation, limiting the overall score.
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 selling books, stationery, magazines, and other related products. The company has a significant presence in travel locations such as airports and train stations, catering to travelers and commuters.
Average Trading Volume: 363,060
Technical Sentiment Signal: Sell
Current Market Cap: £1.37B
Find detailed analytics on SMWH stock on TipRanks’ Stock Analysis page.