Barclays PLC Reaffirms Overweight Rating for DS Smith plc (SMDS)
DS Smith plc (LON:SMDS)‘s stock had its “overweight” rating reissued by equities researchers at Barclays PLC in a research report issued on Thursday. They presently have a GBX 565 ($7.33) price target on the stock. Barclays PLC’s price objective would suggest a potential upside of 13.55% from the stock’s current price.
SMDS has been the topic of a number of other research reports. Numis Securities Ltd cut DS Smith plc to a “hold” rating and raised their price target for the stock from GBX 495 ($6.43) to GBX 520 ($6.75) in a research report on Tuesday, July 18th. Peel Hunt restated a “buy” rating and issued a GBX 520 ($6.75) price target on shares of DS Smith plc in a research report on Thursday, June 29th. J P Morgan Chase & Co raised their price target on DS Smith plc from GBX 475 ($6.17) to GBX 500 ($6.49) and gave the stock an “overweight” rating in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 430 ($5.58) price target on shares of DS Smith plc in a research report on Monday, April 24th. Finally, Jefferies Group LLC restated a “hold” rating and issued a GBX 460 ($5.97) price target on shares of DS Smith plc in a research report on Thursday, May 18th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. DS Smith plc presently has a consensus rating of “Buy” and a consensus target price of GBX 497.56 ($6.46).
Shares of DS Smith plc (LON SMDS) traded down 0.58% during midday trading on Thursday, hitting GBX 497.60. 1,410,824 shares of the stock traded hands. The company’s market capitalization is GBX 5.05 billion. DS Smith plc has a 1-year low of GBX 376.40 and a 1-year high of GBX 507.00. The stock has a 50 day moving average of GBX 487.63 and a 200 day moving average of GBX 452.39.
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In other news, insider Adrian Marsh purchased 175,044 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of GBX 484 ($6.28) per share, with a total value of £847,212.96 ($1,099,848.06).
DS Smith plc Company Profile
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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