Miles Roberts Sells 261,079 Shares of DS Smith plc (SMDS) Stock
DS Smith plc (LON:SMDS) insider Miles Roberts sold 261,079 shares of DS Smith plc stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.83), for a total value of £1,344,556.85 ($1,783,468.43).
Shares of DS Smith plc (LON:SMDS) opened at 500.00 on Friday. DS Smith plc has a 12-month low of GBX 376.90 and a 12-month high of GBX 517.00. The stock’s 50 day moving average price is GBX 497.45 and its 200 day moving average price is GBX 464.34. The company’s market cap is GBX 4.75 billion.
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A number of equities analysts recently commented on SMDS shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 570 ($7.56) price objective on shares of DS Smith plc in a research note on Wednesday, September 6th. Numis Securities Ltd lowered DS Smith plc to a “hold” rating and boosted their price target for the company from GBX 495 ($6.57) to GBX 520 ($6.90) in a research note on Tuesday, July 18th. Peel Hunt reissued a “buy” rating and issued a GBX 520 ($6.90) price target on shares of DS Smith plc in a research note on Thursday, June 29th. Berenberg Bank reissued a “buy” rating on shares of DS Smith plc in a research note on Wednesday, September 6th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 565 ($7.49) price target on shares of DS Smith plc in a research note on Thursday, August 17th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 516.44 ($6.85).
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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