DS Smith plc (SMDS) Earns Buy Rating from Beaufort Securities
DS Smith plc (LON:SMDS)‘s stock had its “buy” rating reissued by stock analysts at Beaufort Securities in a note issued to investors on Wednesday.
A number of other brokerages have also issued reports on SMDS. Barclays PLC reiterated an “overweight” rating and set a GBX 565 ($7.30) price target on shares of DS Smith plc in a research note on Thursday, August 17th. Peel Hunt reiterated an “add” rating and set a GBX 550 ($7.10) price target on shares of DS Smith plc in a research note on Tuesday, September 5th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 570 ($7.36) price target on shares of DS Smith plc in a research note on Wednesday. Berenberg Bank reiterated a “buy” rating on shares of DS Smith plc in a research note on Wednesday. Finally, Numis Securities Ltd lowered shares of DS Smith plc to a “hold” rating and boosted their price target for the stock from GBX 495 ($6.39) to GBX 520 ($6.72) in a research note on Tuesday, July 18th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 508.67 ($6.57).
DS Smith plc (SMDS) traded up 1.06% during midday trading on Wednesday, reaching GBX 496.00. 1,209,118 shares of the company’s stock traded hands. DS Smith plc has a 1-year low of GBX 376.40 and a 1-year high of GBX 507.00. The company’s market capitalization is GBX 4.71 billion. The firm’s 50 day moving average price is GBX 492.35 and its 200-day moving average price is GBX 457.34.
DS Smith plc (LON:SMDS) last posted its quarterly earnings data on Wednesday, June 28th. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. DS Smith plc had a net margin of 3.84% and a return on equity of 13.98%. Equities analysts expect that DS Smith plc will post $32.47 EPS for the current year.
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In other DS Smith plc news, insider Adrian Marsh purchased 175,044 shares of DS Smith plc stock in a transaction on Monday, July 31st. The shares were bought at an average price of GBX 484 ($6.25) per share, with a total value of £847,212.96 ($1,094,166.29).
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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