WH Smith Plc with ticker (LON:SMWH) now has a potential upside of 15.5% according to Berenberg Bank.
SMWH.L
Berenberg Bank set a target price of 1,600 GBX for the company, which when compared to the WH Smith Plc share price of 1,385 GBX at opening today (21/10/2024) indicates a potential upside of 15.5%. Trading has ranged between 1,069 (52 week low) and 1,499 (52 week high) with an average of 318,990 shares exchanging hands daily. The market capitalisation at the time of writing is £1,825,884,072.
WH Smith PLC is a global retailer for news, books and convenience. The Company operates through four segments: Travel UK, North America, Rest of the World, and High Street. The Travel UK segment has a presence in a range of locations, including airports, hospitals, railway stations and motorway service areas across the United Kingdom. It offers a range of products, including books and magazines, health and beauty products, souvenirs, digital accessories and food and drink options for travelers. It operates over 590 stores in travel locations and hospitals in the United Kingdom. It sells a range of products in categories, such as stationery (including greeting cards, general stationery, art and craft, and gifting), News and Impulse (including newspapers, magazines, confectionery and drinks) and books on high streets.
WH Smith Plc 15.5% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
WHSmith has reduced its expected full-year Headline profit before tax to around £110 million after identifying a £30 million overstatement of trading profit in its North America division, linked to accelerated supplier income recognition. The division’s profit forecast has been cut to £25 million from previous expectations of £55 million.
WHSmith has agreed to sell its online personalised greeting cards business, funkypigeon.com, to Card Factory for an enterprise value of £26 million (equity value £24 million), delivering net cash proceeds of about £21 million after costs to reduce net debt.
WH Smith PLC's latest trading update reveals promising growth for its travel division, highlighting a 7% revenue increase. The company is poised for a successful summer season.
WH Smith explores strategic options, including a possible sale, for its profitable High Street business as it focuses on its global Travel retail division.
