DS Smith Plc (SMDS) Given Average Recommendation of “Buy” by Analysts
DS Smith Plc (LON:SMDS) has been given an average rating of “Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 538.29 ($7.21).
Several brokerages recently weighed in on SMDS. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 570 ($7.63) target price on shares of DS Smith in a research note on Wednesday, November 1st. Numis Securities boosted their price objective on DS Smith from GBX 520 ($6.96) to GBX 530 ($7.10) and gave the company a “hold” rating in a report on Thursday, October 19th. Peel Hunt raised DS Smith to a “buy” rating and boosted their price objective for the company from GBX 550 ($7.37) to GBX 575 ($7.70) in a report on Tuesday, October 31st. Berenberg Bank raised DS Smith to a “buy” rating and boosted their price objective for the company from GBX 400 ($5.36) to GBX 550 ($7.37) in a report on Thursday, August 3rd. Finally, Goldman Sachs Group upped their price target on DS Smith from GBX 485 ($6.50) to GBX 500 ($6.70) and gave the stock a “neutral” rating in a report on Tuesday, September 12th.
In other DS Smith news, insider Miles Roberts sold 261,079 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.90), for a total transaction of £1,344,556.85 ($1,800,665.39).
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DS Smith 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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