Analysts at Barclays PLC assumed coverage on shares of DS Smith plc (LON:SMDS) in a note issued to investors on Friday. The firm set an “overweight” rating and a GBX 465 ($6.07) price target on the stock. Barclays PLC’s price objective points to a potential upside of 12.24% from the stock’s current price.

Several other research firms have also issued reports on SMDS. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 470 ($6.13) price target on shares of DS Smith plc in a research report on Friday, July 8th. Jefferies Group reiterated a “hold” rating and set a GBX 360 ($4.70) price target on shares of DS Smith plc in a research report on Monday, June 20th. Goldman Sachs Group Inc. reduced their price target on shares of DS Smith plc from GBX 395 ($5.16) to GBX 390 ($5.09) and set a “neutral” rating on the stock in a research report on Thursday, June 30th. Numis Securities Ltd lowered shares of DS Smith plc to a “hold” rating and increased their price target for the stock from GBX 430 ($5.61) to GBX 460 ($6.00) in a research report on Tuesday, September 6th. Finally, Beaufort Securities reiterated a “buy” rating on shares of DS Smith plc in a research report on Friday, June 24th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 434.18 ($5.67).

Analyst Recommendations for DS Smith plc (LON:SMDS)

Shares of DS Smith plc (LON:SMDS) traded up 4.04% during mid-day trading on Friday, hitting GBX 414.30. 3,572,657 shares of the company’s stock traded hands. The firm has a 50-day moving average of GBX 408.81 and a 200 day moving average of GBX 395.02. DS Smith plc has a 52 week low of GBX 329.10 and a 52 week high of GBX 431.30. The company’s market cap is GBX 3.91 billion.

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In related news, insider Roberts,Miles sold 456,026 shares of DS Smith plc stock in a transaction on Friday, July 29th. The shares were sold at an average price of GBX 395 ($5.16), for a total transaction of £1,801,302.70 ($2,351,263.15).

About DS Smith plc

DS Smith Plc. is engaged in designing and manufacturing of recycled packaging for consumer goods. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. The Company’s operating segments include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.

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