DS Smith plc (SMDS) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of DS Smith plc (LON:SMDS) have received an average rating of “Buy” from the fourteen analysts that are currently covering the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 439.44 ($5.44).
A number of analysts recently weighed in on SMDS shares. Goldman Sachs Group Inc. cut their target price on shares of DS Smith plc from GBX 395 ($4.89) to GBX 390 ($4.83) and set a “neutral” rating on the stock in a research note on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 470 ($5.82) price target on shares of DS Smith plc in a report on Friday, July 8th. Beaufort Securities reaffirmed a “buy” rating on shares of DS Smith plc in a report on Wednesday, September 7th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 390 ($4.83) price target on shares of DS Smith plc in a report on Tuesday, July 5th. Finally, Berenberg Bank upped their price target on DS Smith plc from GBX 375 ($4.64) to GBX 400 ($4.95) and gave the company a “hold” rating in a report on Friday, September 2nd.
DS Smith plc (LON:SMDS) remained flat at GBX 412.70 during trading on Tuesday. 1,462,119 shares of the company traded hands. The firm’s 50 day moving average price is GBX 408.45 and its 200-day moving average price is GBX 394.80. DS Smith plc has a 12 month low of GBX 329.10 and a 12 month high of GBX 431.30. The stock’s market capitalization is GBX 3.89 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/ds-smith-plc-smds-receives-consensus-recommendation-of-buy-from-brokerages.html
In other news, insider Roberts,Miles sold 456,026 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of GBX 395 ($4.89), for a total transaction of £1,801,302.70 ($2,229,335.02).
DS Smith plc Company Profile
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.
Receive News & Ratings for DS Smith plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DS Smith plc and related companies with MarketBeat.com's FREE daily email newsletter.