DS Smith plc (SMDS) Raised to “Buy” at Peel Hunt
Peel Hunt upgraded shares of DS Smith plc (LON:SMDS) to a buy rating in a research report report published on Tuesday, MarketBeat reports. The brokerage currently has GBX 575 ($7.59) price objective on the stock, up from their previous price objective of GBX 550 ($7.26).
Several other brokerages also recently weighed in on SMDS. Barclays PLC reaffirmed an overweight rating and set a GBX 565 ($7.46) price target on shares of DS Smith plc in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) lifted their price target on shares of DS Smith plc from GBX 485 ($6.40) to GBX 500 ($6.60) and gave the company a neutral rating in a report on Tuesday, September 12th. Beaufort Securities reaffirmed a buy rating on shares of DS Smith plc in a report on Wednesday, September 6th. Berenberg Bank reaffirmed a buy rating on shares of DS Smith plc in a report on Wednesday, September 6th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 570 ($7.52) price target on shares of DS Smith plc in a report on Wednesday, September 6th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DS Smith plc currently has a consensus rating of Buy and a consensus price target of GBX 520.33 ($6.87).
In related news, insider Miles Roberts sold 261,079 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of GBX 515 ($6.80), for a total value of £1,344,556.85 ($1,774,289.85).
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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