DS Smith plc (SMDS) Stock Rating Reaffirmed by Peel Hunt
DS Smith plc (LON:SMDS)‘s stock had its “add” rating reissued by equities researchers at Peel Hunt in a research note issued on Wednesday. They currently have a GBX 550 ($7.11) price objective on the stock, up from their previous price objective of GBX 520 ($6.73). Peel Hunt’s price objective would indicate a potential upside of 10.49% from the stock’s current price.
SMDS has been the subject of a number of other reports. Numis Securities Ltd downgraded shares of DS Smith plc to a “hold” rating and boosted their target price for the company from GBX 495 ($6.40) to GBX 520 ($6.73) in a report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and issued a GBX 460 ($5.95) target price on shares of DS Smith plc in a report on Thursday, May 18th. Barclays PLC restated an “overweight” rating and issued a GBX 565 ($7.31) target price (up from GBX 508 ($6.57)) on shares of DS Smith plc in a report on Wednesday, July 5th. Berenberg Bank upgraded shares of DS Smith plc to a “buy” rating and boosted their target price for the company from GBX 400 ($5.17) to GBX 550 ($7.11) in a report on Thursday, August 3rd. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 498 ($6.44) target price on shares of DS Smith plc in a report on Thursday, June 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 500.89 ($6.48).
DS Smith plc (LON SMDS) opened at 498.70 on Wednesday. The firm’s market capitalization is GBX 4.73 billion. DS Smith plc has a one year low of GBX 376.40 and a one year high of GBX 507.00. The stock has a 50 day moving average of GBX 490.16 and a 200 day moving average of GBX 454.34.
In other news, insider Adrian Marsh bought 175,044 shares of DS Smith plc stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of GBX 484 ($6.26) per share, with a total value of £847,212.96 ($1,095,722.92).
About DS Smith plc
DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.
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