Shares of DS Smith plc (LON:SMDS) have been given an average rating of “Buy” by the fourteen research firms that are presently covering the company. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 439.44 ($5.44).
A number of equities analysts recently weighed in on SMDS shares. Beaufort Securities reaffirmed a “buy” rating on shares of DS Smith plc in a report on Friday, June 24th. Jefferies Group boosted their price objective on DS Smith plc from GBX 360 ($4.46) to GBX 390 ($4.83) and gave the stock a “hold” rating in a research note on Monday, June 27th. Berenberg Bank boosted their price objective on DS Smith plc from GBX 375 ($4.64) to GBX 400 ($4.95) and gave the stock a “hold” rating in a research note on Friday, September 2nd. Goodbody reiterated a “hold” rating on shares of DS Smith plc in a research note on Thursday, June 23rd. Finally, Numis Securities Ltd lowered DS Smith plc to a “hold” rating and boosted their price objective for the stock from GBX 430 ($5.32) to GBX 460 ($5.69) in a research note on Tuesday, September 6th.
Shares of DS Smith plc (LON:SMDS) opened at 405.70 on Tuesday. DS Smith plc has a 52 week low of GBX 329.10 and a 52 week high of GBX 431.30. The company’s 50 day moving average price is GBX 407.88 and its 200-day moving average price is GBX 395.09. The company’s market capitalization is GBX 3.83 billion.
In other news, insider Roberts,Miles sold 456,026 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was 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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