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WH Smith ( (GB:SMWH) ) has provided an update.
WH Smith PLC announced the purchase of 49,407 ordinary shares as part of its ongoing buyback program, which was initiated in September 2024. This move is part of a broader strategy to manage its share capital, with the company having repurchased a total of 2,983,402 shares since the program’s inception. The cancellation of these shares is expected to impact the company’s share capital structure, potentially affecting shareholder value 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 Neutral.
WH Smith’s strong financial performance and strategic share buybacks are key strengths, while high leverage and expensive valuation are significant concerns. Despite bearish technical indicators, the company’s initiatives in capital management and focus on travel retail provide a balanced outlook.
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, newspapers, and magazines. The company has a significant presence in travel locations such as airports and railway stations, catering to travelers’ needs.
Average Trading Volume: 322,679
Technical Sentiment Signal: Sell
Current Market Cap: £1.25B
See more data about SMWH stock on TipRanks’ Stock Analysis page.