Miles Roberts Sells 261,079 Shares of DS Smith plc (SMDS) Stock
DS Smith plc (LON:SMDS) insider Miles Roberts sold 261,079 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.83), for a total transaction of £1,344,556.85 ($1,783,468.43).
DS Smith plc (LON:SMDS) traded down 0.48% during trading on Thursday, reaching GBX 502.00. 1,731,908 shares of the company’s stock traded hands. The firm’s 50 day moving average is GBX 497.36 and its 200-day moving average is GBX 463.82. The company’s market capitalization is GBX 4.76 billion. DS Smith plc has a 12 month low of GBX 376.90 and a 12 month high of GBX 517.00.
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SMDS has been the topic of a number of research analyst reports. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 570 ($7.56) price objective on shares of DS Smith plc in a report on Wednesday, September 6th. Numis Securities Ltd downgraded shares of DS Smith plc to a “hold” rating and upped their price target for the company from GBX 495 ($6.57) to GBX 520 ($6.90) in a report on Tuesday, July 18th. Peel Hunt reissued a “buy” rating and set a GBX 520 ($6.90) price objective on shares of DS Smith plc in a research note on Thursday, June 29th. Berenberg Bank reissued a “buy” rating on shares of DS Smith plc in a research note on Wednesday, September 6th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 565 ($7.49) price objective on shares of DS Smith plc in a research note on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 516.44 ($6.85).
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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