DS Smith plc (SMDS) Receives Consensus Recommendation of “Hold” from Analysts
Shares of DS Smith plc (LON:SMDS) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 512.25 ($6.73).
A number of research analysts have issued reports on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 565 ($7.43) price target on shares of DS Smith plc in a report on Thursday, August 17th. Berenberg Bank reaffirmed a “buy” rating on shares of DS Smith plc in a report on Wednesday, September 6th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 570 ($7.49) price target on shares of DS Smith plc in a report on Wednesday, September 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 520 ($6.84) price target on shares of DS Smith plc in a report on Thursday, June 29th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of DS Smith plc in a report on Wednesday, September 6th.
In related news, insider Miles Roberts sold 261,079 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of GBX 515 ($6.77), for a total transaction of £1,344,556.85 ($1,767,758.15). Also, insider Adrian Marsh bought 3,345 shares of DS Smith plc stock in a transaction that occurred on Wednesday, July 19th. The shares were acquired at an average cost of GBX 481 ($6.32) per share, with a total value of £16,089.45 ($21,153.63).
DS Smith plc (SMDS) opened at 485.80 on Thursday. The stock’s market capitalization is GBX 4.61 billion. The company has a 50-day moving average of GBX 497.41 and a 200-day moving average of GBX 465.89. DS Smith plc has a one year low of GBX 376.90 and a one year high of GBX 517.00.
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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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