DS Smith plc (LON:SMDS) had its price target dropped by equities researchers at Jefferies Group from GBX 440 ($5.74) to GBX 420 ($5.48) in a report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 7.69% from the stock’s previous close.
A number of other research analysts have also recently commented on SMDS. Beaufort Securities restated a “buy” rating on shares of DS Smith plc in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 470 ($6.13) price objective on shares of DS Smith plc in a report on Wednesday, September 7th. Goodbody reaffirmed a “hold” rating on shares of DS Smith plc in a report on Tuesday, September 6th. Goldman Sachs Group Inc. raised their price objective on shares of DS Smith plc from GBX 390 ($5.09) to GBX 400 ($5.22) and gave the stock a “neutral” rating in a report on Friday, September 2nd. Finally, Berenberg Bank raised their price objective on shares of DS Smith plc from GBX 375 ($4.89) to GBX 400 ($5.22) and gave the stock a “hold” rating in a report on Friday, September 2nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 424.64 ($5.54).
Shares of DS Smith plc (LON:SMDS) opened at 390.00 on Tuesday. DS Smith plc has a 12 month low of GBX 329.10 and a 12 month high of GBX 431.30. The firm’s market cap is GBX 3.68 billion. The stock’s 50 day moving average price is GBX 412.14 and its 200-day moving average price is GBX 395.68.
In other news, insider Roberts,Miles sold 456,026 shares of DS Smith plc stock in a transaction on Friday, July 29th. The shares were sold at an average price of GBX 395 ($5.16), for a total transaction of £1,801,302.70 ($2,351,263.15).
DS Smith plc Company Profile
DS Smith Plc. is engaged in designing and manufacturing of recycled packaging for consumer goods. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. The Company’s operating segments include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.
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