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An announcement from WH Smith ( (GB:SMWH) ) is now available.
WH Smith PLC announced the purchase of 44,000 ordinary shares as part of its ongoing share buyback program, which was initiated in September 2024. The company plans to cancel these shares, contributing to a total of over 4 million shares repurchased under the program. This move is part of WH Smith’s strategy to manage its capital structure and potentially enhance shareholder value.
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’s stock is supported by strong financial performance and positive technical indicators, although high leverage and a high P/E ratio are concerns. The ongoing share buyback program further boosts investor confidence.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
WH Smith PLC operates in the retail industry, focusing on selling books, stationery, magazines, and other related products. The company is known for its presence in travel locations such as airports and train stations, catering to travelers and commuters.
Average Trading Volume: 362,243
Technical Sentiment Signal: Sell
Current Market Cap: £1.35B
For an in-depth examination of SMWH stock, go to TipRanks’ Overview page.