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The latest announcement is out from WH Smith ( (GB:SMWH) ).
WH Smith PLC announced the repurchase of 18,885 ordinary shares as part of its ongoing buyback program, initiated on 23 September 2024. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The total number of shares purchased under the program now stands at 2,923,107, with the latest transactions conducted through the London Stock Exchange at an average price of 9.8412 GBP per share.
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 overall stock score reflects a balance of strong financial performance and strategic initiatives like share buybacks, which enhance shareholder value. However, the stock’s 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
WH Smith PLC operates in the retail industry, primarily focusing on selling books, stationery, magazines, and other related products. The company has a significant presence in travel locations such as airports and train stations, catering to travelers’ needs.
Average Trading Volume: 322,092
Technical Sentiment Signal: Sell
Current Market Cap: £1.21B
See more data about SMWH stock on TipRanks’ Stock Analysis page.