DS Smith plc Stock Rating Lowered by Goldman Sachs (SMDS)
DS Smith plc (LON:SMDS) was downgraded by analysts at Goldman Sachs to a “sell” rating in a research report issued to clients and investors on Thursday, Stock Ratings News reports. They currently have a GBX 274 ($4.59) price target on the stock. Goldman Sachs’ price target would suggest a potential downside of 20.35% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity initiated coverage on shares of DS Smith plc in a research note on Monday, February 3rd. They set a “buy” rating and a GBX 370 ($6.20) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of DS Smith plc in a research note on Monday, February 3rd. They now have a GBX 349 ($5.85) price target on the stock. Finally, analysts at Davy Research reiterated an “underperform” rating on shares of DS Smith plc in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 329.42 ($5.52).
Shares of DS Smith plc (LON:SMDS) traded up 0.97% during mid-day trading on Thursday, hitting GBX 343.9897. 1,527,575 shares of the company’s stock traded hands. DS Smith plc has a 52 week low of GBX 206.70 and a 52 week high of GBX 460.337. The stock’s 50-day moving average is GBX 336.6 and its 200-day moving average is GBX 302.3. The company’s market cap is £3.199 billion.
The company also recently announced a dividend, which is scheduled for Thursday, May 1st. Shareholders 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.
DS Smith Plc is a holding company engaged in the supply of recycled packaging for consumer goods. It provides corrugated packaging solutions throughout Europe as well as plastic packaging solutions worldwide.
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