Adrian Marsh Acquires 175,044 Shares of DS Smith plc (LON:SMDS) Stock
DS Smith plc (LON:SMDS) insider Adrian Marsh bought 175,044 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was purchased at an average price of GBX 484 ($6.38) per share, with a total value of £847,212.96 ($1,117,547.76).
Adrian Marsh also recently made the following trade(s):
- On Wednesday, July 19th, Adrian Marsh bought 3,345 shares of DS Smith plc stock. The stock was purchased at an average price of GBX 481 ($6.34) per share, with a total value of £16,089.45 ($21,223.39).
DS Smith plc (SMDS) opened at 482.00 on Wednesday. The firm’s market capitalization is GBX 4.57 billion. DS Smith plc has a 52-week low of GBX 376.40 and a 52-week high of GBX 494.30. The company’s 50-day moving average is GBX 472.72 and its 200-day moving average is GBX 447.22.
The business also recently announced a dividend, which will be paid on Wednesday, November 1st. Investors of record on Thursday, October 5th will be paid a GBX 10.60 ($0.14) dividend. This is an increase from DS Smith plc’s previous dividend of $4.60. This represents a yield of 2.2%. The ex-dividend date is Thursday, October 5th.
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SMDS has been the subject of several analyst reports. Numis Securities Ltd restated an “add” rating and issued a GBX 495 ($6.53) target price on shares of DS Smith plc in a research report on Thursday, April 27th. Jefferies Group LLC restated a “hold” rating and issued a GBX 460 ($6.07) target price on shares of DS Smith plc in a research report on Thursday, May 18th. Citigroup Inc. restated a “buy” rating and issued a GBX 498 ($6.57) target price on shares of DS Smith plc in a research report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 430 ($5.67) target price on shares of DS Smith plc in a research report on Friday, June 30th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 520 ($6.86) target price on shares of DS Smith plc in a research report on Monday, June 12th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 480.89 ($6.34).
About DS Smith plc
DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.
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