Trade Report: The WH Smith Plc (SMWH) Given Neutral Rating at Haitong Bank

The WH Smith Plc (SMWH) Given Neutral Rating at Haitong Bank

Haitong Bank reiterated their neutral rating on shares of WH Smith Plc (LON:SMWH) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 1,680 ($20.79) target price on the stock.

Several other brokerages have also recently issued reports on SMWH. Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 2,000 ($24.75) target price on shares of WH Smith Plc in a report on Monday, July 11th. Liberum Capital reaffirmed a hold rating and issued a GBX 1,700 ($21.04) target price on shares of WH Smith Plc in a report on Wednesday, August 24th. Peel Hunt reaffirmed a buy rating and issued a GBX 1,900 ($23.51) target price on shares of WH Smith Plc in a report on Tuesday, August 2nd. Investec decreased their price objective on shares of WH Smith Plc from GBX 1,820 ($22.52) to GBX 1,550 ($19.18) and set a hold rating for the company in a report on Wednesday, August 24th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of WH Smith Plc in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 1,678.93 ($20.78).

WH Smith Plc (LON:SMWH) traded up 2.09% on Thursday, hitting GBX 1564.00. 166,138 shares of the stock were exchanged. WH Smith Plc has a 12 month low of GBX 1,174.00 and a 12 month high of GBX 1,893.00. The company has a 50-day moving average of GBX 1,549.03 and a 200-day moving average of GBX 1,623.46. The stock’s market cap is GBX 1.78 billion.

The company also recently declared a dividend, which will be paid on Thursday, February 2nd. Shareholders of record on Thursday, January 12th will be given a GBX 30.50 ($0.38) dividend. This is a positive change from WH Smith Plc’s previous dividend of $13.40. This represents a dividend yield of 1.99%. The ex-dividend date is Thursday, January 12th.

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