Jefferies Group LLC Reaffirms “Hold” Rating for DS Smith Plc (SMDS)
DS Smith Plc (LON:SMDS)‘s stock had its “hold” rating restated by Jefferies Group LLC in a research report issued on Monday. They currently have a GBX 530 ($7.07) target price on the stock. Jefferies Group LLC’s target price indicates a potential downside of 4.33% from the company’s previous close.
A number of other brokerages have also recently issued reports on SMDS. Goldman Sachs Group Inc upped their target price on DS Smith from GBX 485 ($6.47) to GBX 500 ($6.67) and gave the stock a “neutral” rating in a research report on Tuesday, September 12th. Berenberg Bank reaffirmed a “buy” rating on shares of DS Smith in a research report on Wednesday, September 6th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 565 ($7.53) target price on shares of DS Smith in a research report on Thursday, August 17th. Peel Hunt reaffirmed an “add” rating and set a GBX 550 ($7.33) target price on shares of DS Smith in a research report on Tuesday, September 5th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 570 ($7.60) target price on shares of DS Smith in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 539.75 ($7.20).
Shares of DS Smith (SMDS) traded up GBX 7.50 ($0.10) during trading on Monday, reaching GBX 554 ($7.39). The company’s stock had a trading volume of 2,621,395 shares, compared to its average volume of 3,330,000. DS Smith has a 52-week low of GBX 5.26 ($0.07) and a 52-week high of GBX 547.75 ($7.30).
In other news, insider Miles Roberts sold 261,079 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.87), for a total transaction of £1,344,556.85 ($1,792,503.47).
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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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