WH Smith PLC (SMWH.L) 03-03-20
WH Smith PLC (SMWH.L): will it break the 1930p key support level, or bounce to highs of 2654p (+37%)?
- Currently trading around the 1930p support. The current price is 1932p (at time of writing).
- Support levels like these are often used by traders to assist with decision making.
- Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
- Will the share price rally again to recent highs of 2654p? (+37%).
- Shares -27% from 12-month highs; +1% from 12 month lows.
Latest News
10:40: HSBC reiterates its buy rating on WH Smith (SMWH) and increased the target price to 2950p (from 2810p).
22 Jan: WH Smith, the book and stationary company, announced that its turnover had risen 7% within the year so far. The firm’s travel-focused business unit again offset a decline on high street revenues.
14 Jan: RBC Capital Markets reiterates its outperform rating on WH Smith (SMWH) and increased the target price to 2750p (from 2600p).
19 Dec: HSBC reiterates its buy rating on WH Smith (SMWH) and increased the target price to 3000p (from 2500p).
19 Nov: RBC Capital Markets reiterates its outperform rating on WH Smith (SMWH) and increased the target price to 2600p (from 2400p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires