DS Smith plc Price Target Lowered to GBX 350 at Berenberg Bank (SMDS)
Stock analysts at Berenberg Bank decreased their price objective on shares of DS Smith plc (LON:SMDS) from GBX 400 ($6.85) to GBX 350 ($5.99) in a report issued on Monday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 30.74% from the stock’s previous close.
Shares of DS Smith plc (LON:SMDS) traded up 1.29% during mid-day trading on Monday, hitting GBX 267.70. The stock had a trading volume of 7,537,345 shares. DS Smith plc has a 52-week low of GBX 239.90 and a 52-week high of GBX 359.10. The stock has a 50-day moving average of GBX 301.7 and a 200-day moving average of GBX 320.0. The company’s market cap is £2.495 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.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs upgraded shares of DS Smith plc to a “sell” rating in a research note on Thursday, July 3rd. They now have a GBX 259 ($4.43) price target on the stock, down previously from GBX 267 ($4.57). Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of DS Smith plc in a research note on Friday, June 27th. They now have a GBX 370 ($6.33) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of DS Smith plc in a research note on Friday, June 27th. They now have a GBX 350 ($5.99) price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 336.08 ($5.75).
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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