WH Smith (LON:SMWH) Reaches New 52-Week Low – What’s Next?

WH Smith PLC (LON:SMWH)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 497.20 and last traded at GBX 498.40, with a volume of 1766711 shares changing hands. The stock had previously closed at GBX 516.

Wall Street Analysts Forecast Growth

SMWH has been the topic of several analyst reports. Berenberg Bank cut their target price on WH Smith from GBX 700 to GBX 667 and set a “hold” rating on the stock in a research note on Monday, January 19th. Royal Bank Of Canada cut their target price on WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. Finally, Canaccord Genuity Group cut their target price on WH Smith from GBX 762 to GBX 680 and set a “buy” rating on the stock in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 720.50.

WH Smith Trading Up 0.7%

The company has a debt-to-equity ratio of 846.40, a quick ratio of 0.42 and a current ratio of 0.33. The business has a 50-day simple moving average of GBX 582.72 and a two-hundred day simple moving average of GBX 634.07. The stock has a market cap of £650.11 million, a price-to-earnings ratio of -5.39, a P/E/G ratio of 2.65 and a beta of 0.92.

WH Smith (LON:SMWH) last released its quarterly earnings results on Thursday, April 23rd. The company reported GBX (20) earnings per share for the quarter. WH Smith had a negative return on equity of 90.46% and a negative net margin of 9.48%.The firm had revenue of £748 million for the quarter. As a group, research analysts forecast that WH Smith PLC will post 100.9372747 EPS for the current year.

Insiders Place Their Bets

In other news, insider Leo Quinn purchased 17,764 shares of WH Smith stock in a transaction on Friday, April 24th. The stock was purchased at an average price of GBX 560 per share, with a total value of £99,478.40. 1.03% of the stock is currently owned by company insiders.

About WH Smith

WH Smith PLC operates as a retailer in the United Kingdom and internationally. It operates in two segments, Travel and High Street. The Travel segment offers news, books, and convenience for travelling customers. It operates stores in airports, hospitals, railway stations, and motorway service areas. The High Street segment sells stationery products, including greeting cards, general stationery, art and craft, and gifting products; news and impulse products, such as newspapers, magazines, confectionery, and drinks; and books.