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Home / Momentum / WH Smith PLC (SMWH.L) 13-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

WH Smith PLC (SMWH.L) 13-12-19

Will WH Smith PLC (SMWH.L) continue to rise?

 

  • Now trading at 2544p (at time of writing), the share price momentum has been strong.
  • Is this trend your friend?
  • Could this appeal to momentum investors?
  • Whilst the trend has been strong, remember that past patterns are not necessarily an indication of the future.
  • Be mindful of new events and the influence they can have on price action. Check regularly for updates.
  • Shares -0% from 12-month highs; +49% from 12 month lows.

Latest News

19 Nov:  RBC Capital Markets reiterates its outperform rating on WH Smith (SMWH) and increased the target price to 2600p (from 2400p).

17 Oct:  WH Smith said it had reached a deal to buy Marshall Retail Group, the US travel retailer, for $400m (£312m). The agreement would widen its international travel offering.

28 Aug:  WH Smith announced that its travel business had grown ‘strongly’. It saw higher sales across all channels.

26 Jul:  Stephen Clarke, CEO, sold 47,799 shares in the firm on the 25th July 2019 at a price of 2139.07p. This Director currently has 132,953 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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