WH Smith PLC Continues Share Buyback Program

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

WH Smith PLC has announced the purchase of 47,246 ordinary shares as part of its ongoing buyback program, which was initiated in September 2024. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value, with the purchased shares intended for cancellation, potentially impacting the company’s share count 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 bolstered by strong financial performance and strategic corporate actions like share buybacks, which enhance shareholder value. However, the high P/E ratio suggests potential overvaluation, posing a risk.

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

More about WH Smith

WH Smith PLC operates in the retail industry, focusing primarily on books, stationery, and related products. The company has a significant presence in travel locations such as airports and train stations, catering to travelers and commuters.

Average Trading Volume: 359,738

Technical Sentiment Signal: Sell

Current Market Cap: £1.32B

Find detailed analytics on SMWH stock on TipRanks’ Stock Analysis page.