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WH Smith ( (GB:SMWH) ) just unveiled an announcement.
WH Smith PLC has announced the purchase of 43,700 ordinary shares as part of its ongoing buyback program, which was initially announced in September 2024. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation. The cancellation of these shares is expected to impact the total voting rights, which is a critical factor for shareholders in determining their interests under regulatory guidelines.
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 score is driven by strong financial performance and positive corporate events, including share buybacks and strategic shifts towards travel retail. However, technical analysis and valuation concerns due to a high P/E ratio temper the score.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
WH Smith PLC is a British retail company that operates in the travel and high street sectors, primarily offering books, stationery, magazines, and convenience products. The company has a significant presence in airports, railway stations, and high street locations, focusing on providing customers with a range of products for travel and everyday needs.
Average Trading Volume: 363,451
Technical Sentiment Signal: Sell
Current Market Cap: £1.37B
For detailed information about SMWH stock, go to TipRanks’ Stock Analysis page.