DS Smith Plc (SMDS) Receives Average Rating of “Buy” from Analysts
Shares of DS Smith Plc (LON:SMDS) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 545.50 ($7.29).
A number of research firms have weighed in on SMDS. Numis Securities reaffirmed a “buy” rating and issued a GBX 570 ($7.62) price objective on shares of DS Smith in a research note on Thursday, December 7th. JPMorgan Chase & Co. raised their price objective on shares of DS Smith from GBX 570 ($7.62) to GBX 600 ($8.02) and gave the company an “overweight” rating in a research note on Thursday, December 7th. Barclays reaffirmed an “overweight” rating on shares of DS Smith in a research note on Friday, December 8th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 530 ($7.09) price objective on shares of DS Smith in a research note on Friday, December 8th. Finally, Peel Hunt raised shares of DS Smith to a “buy” rating and raised their price objective for the company from GBX 550 ($7.35) to GBX 575 ($7.69) in a research note on Tuesday, October 31st.
DS Smith (LON SMDS) opened at GBX 512.50 ($6.85) on Tuesday. The stock has a market cap of $5,470.00 and a price-to-earnings ratio of 2,562.50. DS Smith has a 12 month low of GBX 5.26 ($0.07) and a 12 month high of GBX 565 ($7.55).
In other news, insider Miles Roberts sold 261,079 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of GBX 515 ($6.89), for a total value of £1,344,556.85 ($1,797,776.24).
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About DS Smith
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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