DS Smith plc (SMDS) Price Target Cut to GBX 420
DS Smith plc (LON:SMDS) had its target price decreased by research analysts at Jefferies Group from GBX 440 ($5.74) to GBX 420 ($5.48) in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 7.69% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Citigroup Inc. restated a “buy” rating on shares of DS Smith plc in a research note on Friday, June 17th. Beaufort Securities restated a “buy” rating on shares of DS Smith plc in a research note on Wednesday, September 7th. Goodbody restated a “hold” rating on shares of DS Smith plc in a research note on Tuesday, September 6th. Numis Securities Ltd cut DS Smith plc to a “hold” rating and boosted their price objective for the stock from GBX 430 ($5.61) to GBX 460 ($6.00) in a research note on Tuesday, September 6th. Finally, Berenberg Bank boosted their price objective on DS Smith plc from GBX 375 ($4.89) to GBX 400 ($5.22) and gave the stock a “hold” rating in a research note on Friday, September 2nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 424.64 ($5.54).
DS Smith plc (LON:SMDS) opened at 390.00 on Tuesday. The stock’s market cap is GBX 3.68 billion. DS Smith plc has a 1-year low of GBX 329.10 and a 1-year high of GBX 431.30. The company’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 the company’s stock in a transaction that occurred 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).
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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