DS Smith plc (LON:SMDS) Downgraded to Hold at Numis Securities Ltd

DS Smith plc (LON:SMDS) was downgraded by investment analysts at Numis Securities Ltd to a “hold” rating in a report released on Tuesday, July 18th, Marketbeat Ratings reports. They presently have a GBX 520 ($6.77) target price on the stock, up from their prior target price of GBX 495 ($6.45). Numis Securities Ltd’s target price indicates a potential upside of 7.86% from the stock’s previous close.

Several other analysts have also commented on SMDS. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 565 ($7.36) price objective (up previously from GBX 508 ($6.62)) on shares of DS Smith plc in a research report on Wednesday, July 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 520 ($6.77) price objective on shares of DS Smith plc in a research report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 430 ($5.60) price objective on shares of DS Smith plc in a research report on Friday, June 30th. J P Morgan Chase & Co lifted their price objective on shares of DS Smith plc from GBX 475 ($6.19) to GBX 500 ($6.51) and gave the stock an “overweight” rating in a research report on Friday, April 28th. Finally, Citigroup Inc. reissued a “buy” rating and issued a GBX 498 ($6.49) price target on shares of DS Smith plc in a research report on Thursday, June 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 480.89 ($6.26).

DS Smith plc (LON:SMDS) opened at 482.10 on Tuesday. The company has a 50-day moving average price of GBX 470.55 and a 200-day moving average price of GBX 446.18. The company’s market capitalization is GBX 4.58 billion. DS Smith plc has a one year low of GBX 376.40 and a one year high of GBX 494.30.

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In other DS Smith plc news, insider Adrian Marsh acquired 3,345 shares of the stock in a transaction dated Wednesday, July 19th. The stock was purchased at an average cost of GBX 481 ($6.27) per share, for a total transaction of £16,089.45 ($20,960.72).

DS Smith plc Company Profile

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.