DS Smith plc’s (SMDS) Hold Rating Reiterated at Numis Securities Ltd
Numis Securities Ltd reiterated their hold rating on shares of DS Smith plc (LON:SMDS) in a research report report published on Tuesday morning. They currently have a GBX 530 ($6.99) price objective on the stock.
Other analysts have also recently issued reports about the company. Peel Hunt upgraded DS Smith plc to a buy rating and raised their target price for the company from GBX 550 ($7.26) to GBX 575 ($7.59) in a research report on Tuesday. Barclays PLC restated an overweight rating and issued a GBX 565 ($7.46) target price on shares of DS Smith plc in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) raised their target price on DS Smith plc from GBX 485 ($6.40) to GBX 500 ($6.60) and gave the company a neutral rating in a research report on Tuesday, September 12th. Beaufort Securities restated a buy rating on shares of DS Smith plc in a research report on Wednesday, September 6th. Finally, Berenberg Bank restated a buy rating on shares of DS Smith plc in a research report on Wednesday, September 6th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 520.33 ($6.87).
In other news, insider Miles Roberts sold 261,079 shares of DS Smith plc stock in a transaction on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.80), for a total transaction of £1,344,556.85 ($1,774,289.85).
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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