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WH Smith ( (GB:SMWH) ) has shared an announcement.
WH Smith PLC announced the repurchase of 45,720 of its own shares as part of a buyback program initiated in September 2024. This move is part of a broader strategy to manage the company’s capital structure and enhance shareholder value. The total number of shares repurchased under the program now stands at 4,284,744. The company plans to cancel these shares, potentially impacting the overall share count and voting rights, which could influence shareholder decisions and market perceptions.
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
WH Smith PLC operates in the retail industry, primarily focusing on selling books, stationery, newspapers, and magazines. The company has a significant presence in travel retail locations, such as airports and train stations, and is known for its diverse product offerings catering to travelers and commuters.
Average Trading Volume: 358,659
Technical Sentiment Signal: Sell
Current Market Cap: £1.36B
Learn more about SMWH stock on TipRanks’ Stock Analysis page.