WH Smith (LON:SMWH) Stock Price Down 6.3% – Time to Sell?

WH Smith PLC (LON:SMWH) fell 6.3% on Thursday . The stock traded as low as GBX 509.50 and last traded at GBX 510. 666,179 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 5,011,916 shares. The stock had previously closed at GBX 544.50.

Wall Street Analyst Weigh In

Several research firms have weighed in on SMWH. Berenberg Bank dropped their price objective on WH Smith from GBX 700 to GBX 667 and set a “hold” rating for the company in a report on Monday, January 19th. Canaccord Genuity Group dropped their price objective on WH Smith from GBX 762 to GBX 680 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, Royal Bank Of Canada dropped their price objective on WH Smith from GBX 675 to GBX 650 and set a “sector perform” rating for the company in a report on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 720.50.

WH Smith Trading Up 1.1%

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 company has a market cap of £643.43 million, a P/E ratio of -4.55, a price-to-earnings-growth ratio of 2.65 and a beta of 1.00. The stock has a 50-day moving average of GBX 592.39 and a two-hundred day moving average of GBX 636.91.

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

Insiders Place Their Bets

In related news, insider Leo Quinn acquired 17,764 shares of WH Smith stock in a transaction that occurred on Friday, April 24th. The stock was bought 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.

WH Smith Company Profile

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.