DS Smith plc (SMDS) Receives Average Recommendation of “Hold” from Analysts
Shares of DS Smith plc (LON:SMDS) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 512.25 ($6.62).
Several brokerages have recently commented on SMDS. Goldman Sachs Group, Inc. (The) boosted their target price on shares of DS Smith plc from GBX 485 ($6.26) to GBX 500 ($6.46) 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. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 570 ($7.36) target price on shares of DS Smith plc in a research report on Wednesday, September 6th. Berenberg Bank restated a “buy” rating on shares of DS Smith plc in a research report on Wednesday, September 6th. Finally, Peel Hunt restated an “add” rating and issued a GBX 550 ($7.10) target price on shares of DS Smith plc in a research report on Tuesday, September 5th.
Shares of DS Smith plc (LON SMDS) opened at 490.80 on Friday. The stock’s 50 day moving average is GBX 494.95 and its 200 day moving average is GBX 459.02. The firm’s market cap is GBX 4.66 billion. DS Smith plc has a 12-month low of GBX 376.40 and a 12-month high of GBX 512.39.
The business also recently disclosed a dividend, which will be paid on Wednesday, November 1st. Investors of record on Thursday, October 5th will be given a dividend of GBX 10.60 ($0.14) per share. This represents a yield of 2.2%. This is a boost from DS Smith plc’s previous dividend of $4.60. The ex-dividend date of this dividend is Thursday, October 5th.
In other DS Smith plc news, insider Adrian Marsh bought 175,044 shares of DS Smith plc stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of GBX 484 ($6.25) per share, with a total value of £847,212.96 ($1,094,166.29).
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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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