DS Smith Plc (LON:SMDS) Receives GBX 490.40 Consensus Price Target from Brokerages

DS Smith Plc (LON:SMDSGet Rating) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 490.40 ($6.01).

A number of analysts have recently issued reports on SMDS shares. Morgan Stanley reissued an “overweight” rating on shares of DS Smith in a research note on Wednesday, May 11th. Berenberg Bank decreased their price target on DS Smith from GBX 510 ($6.25) to GBX 415 ($5.09) and set a “buy” rating on the stock in a report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. lowered their price objective on DS Smith from GBX 594 ($7.28) to GBX 500 ($6.13) and set an “overweight” rating on the stock in a research report on Wednesday, June 22nd.

DS Smith Trading Down 3.2 %

DS Smith stock opened at GBX 281.30 ($3.45) on Friday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 55.46. DS Smith has a 12-month low of GBX 263.70 ($3.23) and a 12-month high of GBX 465.97 ($5.71). The firm has a market capitalization of £3.87 billion and a price-to-earnings ratio of 1,406.50. The firm has a 50 day moving average of GBX 287.48 and a 200 day moving average of GBX 317.46.

DS Smith Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 10.20 ($0.12) per share. This represents a dividend yield of 3.51%. The ex-dividend date is Thursday, October 6th. This is an increase from DS Smith’s previous dividend of $4.80. DS Smith’s dividend payout ratio is 64.50%.

Insider Transactions at DS Smith

In other news, insider David Robbie acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average cost of GBX 292 ($3.58) per share, with a total value of £29,200 ($35,779.93). In other DS Smith news, insider David Robbie acquired 10,000 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was acquired at an average cost of GBX 292 ($3.58) per share, with a total value of £29,200 ($35,779.93). Also, insider Adrian Marsh bought 20,000 shares of DS Smith stock in a transaction dated Tuesday, June 28th. The stock was acquired at an average price of GBX 296 ($3.63) per share, for a total transaction of £59,200 ($72,540.13). Over the last three months, insiders have bought 54,445 shares of company stock valued at $15,736,715.

DS Smith Company Profile

(Get Rating)

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides outdoor advertising services.

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Analyst Recommendations for DS Smith (LON:SMDS)

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