Numis Securities Ltd downgraded shares of DS Smith plc (LON:SMDS) to a hold rating in a research note released on Tuesday morning, Marketbeat reports. Numis Securities Ltd currently has GBX 520 ($6.79) price objective on the stock, up from their prior price objective of GBX 495 ($6.46).
Several other analysts have also recently issued reports on SMDS. Barclays PLC reiterated an overweight rating and issued a GBX 565 ($7.38) price objective (up from GBX 508 ($6.63)) on shares of DS Smith plc in a research note on Wednesday, July 5th. Peel Hunt reiterated a buy rating and issued a GBX 520 ($6.79) price objective on shares of DS Smith plc in a research note on Thursday, June 29th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 430 ($5.62) price objective on shares of DS Smith plc in a research note on Friday, June 30th. Citigroup Inc. reiterated a buy rating and issued a GBX 498 ($6.50) price objective on shares of DS Smith plc in a research note on Thursday, June 29th. Finally, Jefferies Group LLC increased their price objective on DS Smith plc from GBX 460 ($6.01) to GBX 475 ($6.20) and gave the company a hold rating in a research note on Monday, July 3rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 480.89 ($6.28).
DS Smith plc (LON:SMDS) opened at 478.70 on Tuesday. DS Smith plc has a one year low of GBX 376.40 and a one year high of GBX 494.30. The stock’s market capitalization is GBX 4.54 billion. The stock has a 50 day moving average price of GBX 460.11 and a 200-day moving average price of GBX 442.79.
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The company also recently disclosed a dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Thursday, October 5th will be issued a dividend of GBX 10.60 ($0.14) per share. This is a positive change from DS Smith plc’s previous dividend of $4.60. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 2.2%.
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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