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The latest update is out from WH Smith ( (GB:SMWH) ).
WH Smith PLC, a prominent retail company, has announced the purchase of 48,638 of its own ordinary shares as part of a buyback program initiated in September 2024. This move, authorized by shareholders at the company’s Annual General Meeting in January 2025, is part of a broader strategy to manage its share capital. The company plans to cancel these shares, which is expected to impact the total voting rights and share calculations for stakeholders. Since the program’s inception, WH Smith has repurchased a total of 3,130,562 shares, indicating a significant commitment to this financial strategy.
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 is supported by strong financial performance and strategic initiatives like share buybacks, which enhance shareholder value. However, high leverage and bearish technical indicators are significant concerns. The expensive valuation further moderates the overall outlook, despite a reasonable dividend yield.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
Average Trading Volume: 342,512
Technical Sentiment Signal: Sell
Current Market Cap: £1.29B
Find detailed analytics on SMWH stock on TipRanks’ Stock Analysis page.