WH Smith (LON:SMWH) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

WH Smith PLC (LON:SMWH) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,250.05 ($16.23) and traded as high as GBX 1,444 ($18.75). WH Smith shares last traded at GBX 1,400 ($18.18), with a volume of 124,369 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SMWH. Berenberg Bank restated a “buy” rating and issued a GBX 1,600 ($20.77) target price on shares of WH Smith in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,310 ($17.01) price objective on shares of WH Smith in a report on Thursday, September 12th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,469 ($19.07) target price on shares of WH Smith in a research note on Wednesday, September 11th.

WH Smith Stock Performance

The stock’s 50 day moving average price is GBX 1,352.81 and its two-hundred day moving average price is GBX 1,250.05. The company has a current ratio of 0.64, a quick ratio of 0.42 and a debt-to-equity ratio of 326.20. The firm has a market capitalization of £1.83 billion, a price-to-earnings ratio of 2,857.14, a PEG 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.