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The latest update is out from WH Smith ( (GB:SMWH) ).
WH Smith PLC announced the purchase of 54,618 ordinary shares as part of its ongoing buyback program, which was authorized by shareholders in January 2025. This transaction is part of a larger initiative that has seen the company repurchase a total of 2,777,346 shares since the program’s announcement in September 2024. The company intends to cancel these shares, which could impact its share value and market positioning by reducing the number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in its financial health.
Spark’s Take on GB:SMWH Stock
According to Spark, TipRanks’ AI Analyst, GB:SMWH is a Neutral.
WH Smith’s strengths lie in its robust financial performance and strategic corporate actions like share buybacks. However, the 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 is a British retail company operating in the retail industry, known for its chain of high street, railway station, airport, and motorway service station shops selling books, stationery, magazines, newspapers, and entertainment products. The company focuses on providing a wide range of products to travelers and everyday consumers, maintaining a significant presence in the UK market.
Average Trading Volume: 293,178
Technical Sentiment Signal: Sell
Current Market Cap: £1.15B
Learn more about SMWH stock on TipRanks’ Stock Analysis page.