WH Smith (LON:SMWH) Trading Down 40.5% – What’s Next?

WH Smith PLC (LON:SMWH) fell 40.5% during trading on Friday . The stock traded as low as GBX 628 ($8.43) and last traded at GBX 660.33 ($8.86). 8,394,045 shares traded hands during trading, an increase of 1,624% from the average session volume of 487,005 shares. The stock had previously closed at GBX 1,110 ($14.89).

Analysts Set New Price Targets

Several research firms have recently commented on SMWH. Canaccord Genuity Group dropped their price objective on shares of WH Smith from GBX 1,460 to GBX 1,350 and set a “buy” rating on the stock in a report on Monday, June 9th. JPMorgan Chase & Co. restated an “overweight” rating on shares of WH Smith in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,430.

WH Smith Trading Up 1.7%

The company has a current ratio of 0.85, a quick ratio of 0.42 and a debt-to-equity ratio of 253.13. The company has a 50-day simple moving average of GBX 1,065.81 and a 200 day simple moving average of GBX 1,055.22. The firm has a market cap of £838.18 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 2.65 and a beta of 1.67.

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.