WH Smith (LON:SMWH) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of WH Smith (LON:SMWH) in a report published on Friday morning,Digital Look reports. They currently have a GBX 1,600 ($20.17) price objective on the stock.

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

WH Smith Trading Down 0.9 %

Shares of WH Smith stock traded down GBX 11 ($0.14) on Friday, hitting GBX 1,148 ($14.47). The stock had a trading volume of 157,645 shares, compared to its average volume of 213,133. The company has a quick ratio of 0.42, a current ratio of 0.85 and a debt-to-equity ratio of 253.13. WH Smith has a one year low of GBX 1,069 ($13.48) and a one year high of GBX 1,499 ($18.90). The stock’s 50-day simple moving average is GBX 1,201.91 and its two-hundred day simple moving average is GBX 1,274.69. The stock has a market cap of £1.48 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.65 and a beta of 1.67.

WH Smith Increases Dividend

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

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.