DS Smith (SMDS) Given “Hold” Rating at Jefferies Group
Jefferies Group reaffirmed their hold rating on shares of DS Smith (LON:SMDS) in a report published on Monday, MarketBeat Ratings reports. Jefferies Group currently has a GBX 530 ($7.10) price target on the stock, up from their previous price target of GBX 475 ($6.36).
A number of other analysts have also commented on SMDS. Peel Hunt reissued an add rating and set a GBX 550 ($7.37) price target on shares of DS Smith in a research note on Tuesday, September 5th. Berenberg Bank reissued a buy rating on shares of DS Smith in a report on Wednesday, September 6th. Beaufort Securities reaffirmed a buy rating on shares of DS Smith in a research note on Wednesday, September 6th. Numis Securities reiterated a hold rating and issued a GBX 530 ($7.10) price target on shares of DS Smith in a report on Tuesday, October 31st. Finally, Goldman Sachs Group upped their target price on DS Smith from GBX 485 ($6.50) to GBX 500 ($6.70) and gave the stock a neutral rating in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 539.75 ($7.23).
Shares of DS Smith (SMDS) traded up GBX 1.50 ($0.02) during midday trading on Monday, hitting GBX 541.50 ($7.25). The company had a trading volume of 1,073,270 shares, compared to its average volume of 3,420,000. DS Smith has a 52 week low of GBX 5.26 ($0.07) and a 52 week high of GBX 565 ($7.57).
In other news, insider Miles Roberts sold 261,079 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.90), for a total value of £1,344,556.85 ($1,800,665.39).
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DS Smith 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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