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WH Smith ( (GB:SMWH) ) just unveiled an announcement.
WH Smith PLC, a company with a focus on retail and services, has announced the purchase of 45,620 of its own ordinary shares as part of a buyback program initiated in September 2024. This move is part of a broader strategy, as the company has acquired a total of 4,149,994 shares since the program’s inception. The purchased shares are intended to be canceled, which could impact the company’s share value and voting rights structure, potentially influencing shareholder interests and market perception.
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 strong corporate actions such as share buybacks and strategic focus on travel retail significantly boost its stock outlook. Although high leverage poses some risk, strong operational performance and positive technical indicators provide a balanced view.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
Average Trading Volume: 362,276
Technical Sentiment Signal: Sell
Current Market Cap: £1.37B
Learn more about SMWH stock on TipRanks’ Stock Analysis page.