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WH Smith ( (GB:SMWH) ) has provided an update.
WH Smith PLC has announced the purchase of 43,032 ordinary shares as part of its ongoing share buyback program, which was initiated in September 2024. This transaction reflects the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares.
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 Outperform.
WH Smith demonstrates strong operational efficiency and a positive outlook with strategic focus on travel retail. The stock’s valuation appears stretched, but the dividend yield and corporate actions like buybacks are positive. The high leverage remains a concern.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
WH Smith PLC is a British retailer operating in the retail industry, primarily known for its chain of high street, railway station, airport, and motorway service station shops selling books, stationery, magazines, and confectionery.
Average Trading Volume: 358,649
Technical Sentiment Signal: Sell
Current Market Cap: £1.36B
See more insights into SMWH stock on TipRanks’ Stock Analysis page.