DS Smith plc (SMDS) Given New GBX 500 Price Target at Goldman Sachs Group, Inc. (The)
DS Smith plc (LON:SMDS) had its target price upped by Goldman Sachs Group, Inc. (The) from GBX 485 ($6.26) to GBX 500 ($6.46) in a report released on Tuesday morning. Goldman Sachs Group, Inc. (The) currently has a neutral rating on the stock.
Other equities analysts have also recently issued research reports about the company. Peel Hunt reissued an add rating and issued a GBX 550 ($7.10) price objective on shares of DS Smith plc in a report on Tuesday, September 5th. Berenberg Bank raised DS Smith plc to a buy rating and boosted their price objective for the company from GBX 400 ($5.17) to GBX 550 ($7.10) in a report on Thursday, August 3rd. Citigroup Inc. reissued 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. Beaufort Securities reissued a buy rating on shares of DS Smith plc in a report on Wednesday, September 6th. Finally, Jefferies Group LLC boosted their price objective on DS Smith plc from GBX 460 ($5.94) to GBX 475 ($6.13) and gave the company a hold rating in a report on Monday, July 3rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 516.44 ($6.67).
DS Smith plc (LON:SMDS) opened at 510.00 on Tuesday. The company’s market cap is GBX 4.84 billion. DS Smith plc has a 1-year low of GBX 376.40 and a 1-year high of GBX 510.50. The stock has a 50 day moving average price of GBX 493.90 and a 200 day moving average price of GBX 458.16.
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The firm also recently declared a dividend, which will be paid on Wednesday, November 1st. Investors of record on Thursday, October 5th will be issued a GBX 10.60 ($0.14) dividend. This is a boost from DS Smith plc’s previous dividend of $4.60. The ex-dividend date is Thursday, October 5th. This represents a yield of 2.2%.
In other DS Smith plc news, insider Adrian Marsh purchased 175,044 shares of DS Smith plc stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of GBX 484 ($6.25) per share, with a total value of £847,212.96 ($1,094,166.29).
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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