DS Smith plc (LON:SMDS)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays PLC in a note issued to investors on Thursday. They currently have a GBX 565 ($7.33) price target on the stock. Barclays PLC’s price target points to a potential upside of 12.66% from the stock’s current price.
A number of other brokerages have also commented on SMDS. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 430 ($5.58) target price on shares of DS Smith plc in a research report on Monday, April 24th. J P Morgan Chase & Co upped their target price on DS Smith plc from GBX 475 ($6.17) to GBX 500 ($6.49) and gave the company an “overweight” rating in a research report on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 460 ($5.97) target price on shares of DS Smith plc in a research report on Thursday, May 18th. Peel Hunt reiterated a “buy” rating and issued a GBX 520 ($6.75) target price on shares of DS Smith plc in a research report on Thursday, June 29th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 400 ($5.19) target price on shares of DS Smith plc in a research report on Tuesday, April 25th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 497.56 ($6.46).
DS Smith plc (LON SMDS) opened at 504.00 on Thursday. The company has a 50 day moving average of GBX 484.72 and a 200-day moving average of GBX 451.74. DS Smith plc has a 12-month low of GBX 376.40 and a 12-month high of GBX 507.00. The stock’s market cap is GBX 4.78 billion.
In other DS Smith plc news, insider Adrian Marsh bought 3,345 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were purchased at an average price of GBX 481 ($6.24) per share, for a total transaction of £16,089.45 ($20,887.25).
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.
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