Peel Hunt Reiterates Add Rating for DS Smith plc (SMDS)
DS Smith plc (LON:SMDS)‘s stock had its “add” rating restated by research analysts at Peel Hunt in a research report issued on Tuesday. They presently have a GBX 550 ($7.10) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 12.59% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Citigroup Inc. restated a “buy” rating and issued a GBX 498 ($6.43) price objective on shares of DS Smith plc in a report on Thursday, June 29th. Berenberg Bank upgraded shares of DS Smith plc to a “buy” rating and upped their price objective for the stock from GBX 400 ($5.17) to GBX 550 ($7.10) in a report on Thursday, August 3rd. Numis Securities Ltd lowered shares of DS Smith plc to a “hold” rating and upped their price objective for the stock from GBX 495 ($6.39) to GBX 520 ($6.72) in a report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and issued a GBX 460 ($5.94) price objective on shares of DS Smith plc in a report on Thursday, June 15th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 430 ($5.55) target price on shares of DS Smith plc in a report on Friday, June 30th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 508.67 ($6.57).
Shares of DS Smith plc (SMDS) opened at 486.60 on Tuesday. DS Smith plc has a 52 week low of GBX 376.40 and a 52 week high of GBX 508.00. The firm has a 50-day moving average of GBX 491.62 and a 200 day moving average of GBX 456.83. The company’s market cap is GBX 4.62 billion.
In other news, insider Adrian Marsh acquired 3,345 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were bought at an average cost of GBX 481 ($6.21) per share, with a total value of £16,089.45 ($20,779.35).
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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