JPMorgan Cuts WH Smith Price Target, Sees 49.86% Upside
Analysts at JPMorgan Chase & Co. have lowered their price target for WH Smith (LON:SMWH) from GBX 575 to GBX 550, indicating a potential upside of 49.86% from the stock's current price. This change was made in a research note issued on Thursday by Digital Look.
The firm currently has an 'overweight' rating on the stock. Several other research firms have also recently released reports on WH Smith. Berenberg Bank upped their price objective on the company to GBX 440 and gave it a 'hold' rating in a research note on Thursday, while Canaccord Genuity Group reduced their price target from GBX 680 to GBX 555 and set a 'buy' rating.
UBS Group reissued a 'neutral' rating and issued a GBX 600 price target on shares of WH Smith in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft lowered their price objective from GBX 550 to GBX 390 and set a 'hold' rating for the company in a research report on Thursday, June 11th.