Citigroup Inc. Reiterates “Buy” Rating for DS Smith plc (SMDS)
DS Smith plc (LON:SMDS)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Friday. They currently have a GBX 350 ($5.96) target price on the stock. Citigroup Inc.’s price target indicates a potential upside of 24.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of DS Smith plc in a research note on Thursday. They now have a GBX 335 ($5.70) price target on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of DS Smith plc in a research note on Wednesday. Finally, analysts at Investec reiterated a “buy” rating on shares of DS Smith plc in a research note on Tuesday. They now have a GBX 390 ($6.64) price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. DS Smith plc presently has a consensus rating of “Buy” and a consensus price target of GBX 340.54 ($5.80).
Shares of DS Smith plc (LON:SMDS) traded down 1.95% on Friday, hitting GBX 281.70. The stock had a trading volume of 7,516,135 shares. DS Smith plc has a 1-year low of GBX 239.90 and a 1-year high of GBX 359.10. The stock’s 50-day moving average is GBX 314.0 and its 200-day moving average is GBX 323.5. The company’s market cap is £2.620 billion.
The company also recently declared a dividend, which is scheduled for Monday, November 3rd. Shareholders of record on Wednesday, October 1st will be given a dividend of GBX 6.80 ($0.12) per share. This represents a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, October 1st.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.