WH Smith PLC Continues Share Buyback Program

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

WH Smith PLC announced the purchase of 54,800 ordinary shares as part of its ongoing buyback program, which was initially announced in September 2024. The company intends to cancel these shares, contributing to a total of 2,396,145 shares repurchased under the program. This action is aligned with the authority granted by shareholders and reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares.

Spark’s Take on GB:SMWH Stock

According to Spark, TipRanks’ AI Analyst, GB:SMWH is a Neutral.

WH Smith’s financial performance is robust, with strong revenue growth and efficient operations, but high leverage remains a concern. The stock’s technical indicators are bearish, reflecting downward momentum, but its oversold status might attract investors. Valuation is high, potentially limiting appeal despite a reasonable dividend yield. Corporate actions like share buybacks and strategic focus on travel retail support long-term growth prospects.

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

More about WH Smith

WH Smith PLC is a British retail company operating in the travel and high street sectors. It is primarily known for its chain of bookstores and newsagents, providing a wide range of products including books, stationery, magazines, and convenience items. The company focuses on serving customers in travel locations such as airports and train stations, as well as traditional high street stores.

YTD Price Performance: -22.50%

Average Trading Volume: 281,428

Technical Sentiment Signal: Buy

Current Market Cap: £1.13B

For detailed information about SMWH stock, go to TipRanks’ Stock Analysis page.