DS Smith Price Target Increased to GBX 400 by Analysts at Investec (SMDS)
Research analysts at Investec upped their price objective on shares of DS Smith (LON:SMDS) from GBX 350 ($5.74) to GBX 400 ($6.56) in a report released on Thursday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Investec’s target price would suggest a potential upside of 22.14% from the stock’s previous close.
Shares of DS Smith (LON:SMDS) opened at 331.00 on Thursday. DS Smith has a 52 week low of GBX 201.87 and a 52 week high of GBX 334.90. The stock’s 50-day moving average is GBX 315.0 and its 200-day moving average is GBX 283.0. The company’s market cap is £3.079 billion.
The company also recently announced a dividend, which is scheduled for Thursday, May 1st. Investors of record on Wednesday, April 2nd will be paid a dividend of GBX 3.20 ($0.05) per share. This represents a dividend yield of 0.96%. The ex-dividend date is Wednesday, April 2nd.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of DS Smith from GBX 332 ($5.45) to GBX 335 ($5.49) in a research note to investors on Wednesday, December 18th. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America Corp. downgraded shares of DS Smith to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a GBX 340 ($5.58) price target on the stock, up previously from GBX 320 ($5.25). Finally, analysts at Davy Research reiterated an “underperform” rating on shares of DS Smith in a research note to investors on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 319.60 ($5.24).
DS Smith Plc is a holding company engaged in the supply of recycled packaging for consumer goods and the wholesaling of office products.
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