WH Smith PLC Continues Share Buyback Program

WH Smith ( (GB:SMWH) ) has shared an update.

WH Smith PLC, a prominent player in the retail industry, has announced the repurchase of 47,109 of its own ordinary shares as part of its ongoing buyback program. This move, authorized by shareholders, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The company has repurchased a total of 3,317,524 shares since the program’s inception, reflecting its commitment to returning value to its shareholders.

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 overall score is driven by strong financial performance and strategic corporate actions, such as share buybacks. However, the high P/E ratio suggests overvaluation, and technical indicators point to cautious trading conditions.

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

More about WH Smith

Average Trading Volume: 351,870

Technical Sentiment Signal: Sell

Current Market Cap: £1.29B

For a thorough assessment of SMWH stock, go to TipRanks’ Stock Analysis page.