WH Smith’s (SMWH) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of WH Smith (LON:SMWH) in a research report released on Friday,Digital Look reports. Berenberg Bank currently has a GBX 1,600 ($20.17) price target on the stock.

Separately, Canaccord Genuity Group dropped their target price on shares of WH Smith from GBX 1,469 ($18.52) to GBX 1,460 ($18.40) and set a “buy” rating for the company in a research report on Thursday, November 21st.

WH Smith Price Performance

LON SMWH traded down GBX 11 ($0.14) during trading on Friday, reaching GBX 1,148 ($14.47). The company’s stock had a trading volume of 157,645 shares, compared to its average volume of 213,133. The stock has a market capitalization of £1.48 billion, a PE ratio of 23.68, a P/E/G ratio of 2.65 and a beta of 1.67. The company has a debt-to-equity ratio of 253.13, a current ratio of 0.85 and a quick ratio of 0.42. The firm has a fifty day moving average of GBX 1,201.91 and a 200 day moving average of GBX 1,274.69. WH Smith has a one year low of GBX 1,069 ($13.48) and a one year high of GBX 1,499 ($18.90).

WH Smith Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 22.60 ($0.28) per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 1.74%. This is a positive change from WH Smith’s previous dividend of $11.00. WH Smith’s payout ratio is 66.01%.

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.