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An announcement from WH Smith ( (GB:SMWH) ) is now available.
WH Smith PLC has announced the sale of its online personalized greeting cards business, funkypigeon.com, to Card Factory. This move aligns with WH Smith’s strategic focus on travel retail, allowing the company to concentrate on its core operations and improve its net debt position with the anticipated net cash proceeds of £21m from the transaction.
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 score is primarily supported by its strong financial performance and strategic corporate actions like share buybacks that enhance shareholder value. However, technical indicators and an extremely high P/E ratio suggest caution. The absence of earnings call data makes financial and corporate insights more significant in the evaluation.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
WH Smith PLC is a global travel retailer, focusing on providing products and services to travelers around the world. The company is strategically positioned to capture growth opportunities in the travel retail market, aiming to enhance shareholder value.
Average Trading Volume: 306,499
Technical Sentiment Signal: Sell
Current Market Cap: £1.35B
For a thorough assessment of SMWH stock, go to TipRanks’ Stock Analysis page.