DS Smith plc (SMDS) Coverage Initiated by Analysts at Barclays PLC
Investment analysts at Barclays PLC assumed coverage on shares of DS Smith plc (LON:SMDS) in a note issued to 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 suggests a potential upside of 16.78% from the stock’s current price.
SMDS has been the topic of several other reports. Jefferies Group upped their price target on DS Smith plc from GBX 390 ($5.09) to GBX 440 ($5.74) and gave the company a “hold” rating in a research report on Tuesday, September 6th. Numis Securities Ltd cut DS Smith plc to a “hold” rating and upped their price target for the company from GBX 430 ($5.61) to GBX 460 ($6.00) in a research report on Tuesday, September 6th. Citigroup Inc. reiterated a “buy” rating on shares of DS Smith plc in a research report on Friday, June 17th. Goodbody reiterated a “hold” rating on shares of DS Smith plc in a research report on Thursday, June 23rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 470 ($6.13) price target on shares of DS Smith plc in a research report on Wednesday, September 7th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 434.18 ($5.67).
DS Smith plc (LON:SMDS) opened at 398.20 on Friday. DS Smith plc has a one year low of GBX 329.10 and a one year high of GBX 431.30. The company’s market cap is GBX 3.76 billion. The company has a 50-day moving average of GBX 408.39 and a 200-day moving average of GBX 394.72.
In other news, insider Roberts,Miles sold 456,026 shares of the 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).
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.
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