DS Smith plc (LON:SMDS) had its price target decreased by Jefferies Group from GBX 440 ($5.74) to GBX 420 ($5.48) in a report released on Tuesday. Jefferies Group currently has a hold rating on the stock.
A number of other equities research analysts also recently commented on the company. Beaufort Securities restated a buy rating on shares of DS Smith plc in a research report on Wednesday, September 7th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 470 ($6.13) target price on shares of DS Smith plc in a research report on Wednesday, September 7th. Goodbody restated a hold rating on shares of DS Smith plc in a research report on Tuesday, September 6th. 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 report on Tuesday, September 6th. Finally, Goldman Sachs Group Inc. lifted their target price on DS Smith plc from GBX 390 ($5.09) to GBX 400 ($5.22) and gave the company a neutral rating in a research report on Friday, September 2nd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. DS Smith plc presently has an average rating of Buy and an average target price of GBX 424.64 ($5.54).
Shares of DS Smith plc (LON:SMDS) opened at 386.10 on Tuesday. DS Smith plc has a 12 month low of GBX 329.10 and a 12 month high of GBX 431.30. The company’s market cap is GBX 3.64 billion. The company’s 50-day moving average price is GBX 410.88 and its 200-day moving average price is GBX 395.52.
In other news, insider Roberts,Miles sold 456,026 shares of the company’s stock in a transaction dated 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).
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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