Research analysts at Barclays PLC began coverage on shares of DS Smith plc (LON:SMDS) in a research report issued to clients and investors on Friday. The brokerage set an “overweight” rating and a GBX 465 ($6.07) price target on the stock. Barclays PLC’s price target would suggest a potential upside of 16.78% from the stock’s previous close.
Several other brokerages also recently issued reports on SMDS. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 470 ($6.13) target price on shares of DS Smith plc in a research note on Wednesday, September 7th. Beaufort Securities reissued a “buy” rating on shares of DS Smith plc in a research note on Wednesday, September 7th. Numis Securities Ltd downgraded DS Smith plc to a “hold” rating and lifted their target price for the company from GBX 430 ($5.61) to GBX 460 ($6.00) in a research note on Tuesday, September 6th. Jefferies Group lifted their target price on DS Smith plc from GBX 390 ($5.09) to GBX 440 ($5.74) and gave the company a “hold” rating in a research note on Tuesday, September 6th. Finally, Goodbody reissued a “hold” rating on shares of DS Smith plc in a research note on Tuesday, September 6th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. DS Smith plc currently has an average rating of “Buy” and a consensus price target of GBX 434.18 ($5.67).
Shares of DS Smith plc (LON:SMDS) opened at 398.20 on Friday. The stock’s 50 day moving average price is GBX 408.39 and its 200-day moving average price is GBX 394.72. The stock’s market cap is GBX 3.76 billion. DS Smith plc has a 1-year low of GBX 329.10 and a 1-year high of GBX 431.30.
In related news, insider Roberts,Miles sold 456,026 shares of the business’s stock in a transaction on Friday, July 29th. The stock was 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.
Receive News & Ratings for DS Smith plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DS Smith plc and related companies with MarketBeat.com's FREE daily email newsletter.