WH Smith PLC Announces Share Buyback as Part of Capital Management Strategy

WH Smith ( (GB:SMWH) ) just unveiled an announcement.

WH Smith PLC, a prominent player in the retail industry, has announced the purchase of 45,662 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, is part of a broader strategy to manage its capital structure and return value to shareholders. The company has acquired a total of 3,504,632 ordinary shares since the program’s inception, with the intention to cancel these shares, potentially impacting the company’s share value and voting rights.

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 buoyed by strong financial performance and positive technical indicators, though its high P/E ratio suggests overvaluation. The ongoing buyback program provides a positive outlook on shareholder value, but high leverage remains a concern.

To see Spark’s full report on GB:SMWH stock, click here.

More about WH Smith

Average Trading Volume: 358,464

Technical Sentiment Signal: Sell

Current Market Cap: £1.33B

Learn more about SMWH stock on TipRanks’ Stock Analysis page.