Investment analysts at Barclays PLC started 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 ($5.75) price target on the stock. Barclays PLC’s target price points to a potential upside of 12.67% from the company’s previous close.
A number of other analysts also recently commented on the stock. Jefferies Group cut their price objective on shares of DS Smith plc from GBX 440 ($5.45) to GBX 420 ($5.20) and set a “hold” rating for the company in a report on Tuesday, September 27th. Beaufort Securities reiterated a “buy” rating on shares of DS Smith plc in a report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 470 ($5.82) price objective on shares of DS Smith plc in a report on Wednesday, September 7th. Goodbody reiterated a “hold” rating on shares of DS Smith plc in a report on Tuesday, September 6th. Finally, Numis Securities Ltd downgraded shares of DS Smith plc to a “hold” rating and increased their price objective for the company from GBX 430 ($5.32) to GBX 460 ($5.69) in a report on Tuesday, September 6th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 433 ($5.36).
Shares of DS Smith plc (LON:SMDS) opened at 412.8419 on Friday. The stock’s market cap is GBX 3.89 billion. The company has a 50 day moving average price of GBX 408.45 and a 200-day moving average price of GBX 394.80. DS Smith plc has a one year low of GBX 329.10 and a one year high of GBX 431.30.
In other DS Smith plc news, insider Roberts,Miles sold 456,026 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of GBX 395 ($4.89), for a total value of £1,801,302.70 ($2,229,335.02).
About DS Smith plc
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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