DS Smith plc (LON:SMDS) had its price objective hoisted by Peel Hunt from GBX 490 ($6.12) to GBX 520 ($6.49) in a research note published on Tuesday. The firm currently has a buy rating on the stock.
SMDS has been the topic of a number of other research reports. J P Morgan Chase & Co restated an overweight rating and set a GBX 470 ($5.87) price objective on shares of DS Smith plc in a research note on Monday, November 21st. Davy Research reaffirmed a neutral rating on shares of DS Smith plc in a report on Monday, October 24th. Jefferies Group LLC reaffirmed a hold rating and issued a GBX 440 ($5.49) target price on shares of DS Smith plc in a report on Thursday, January 12th. Citigroup Inc. reaffirmed a buy rating and issued a GBX 453 ($5.65) target price on shares of DS Smith plc in a report on Thursday, January 19th. Finally, Numis Securities Ltd raised DS Smith plc to an add rating and set a GBX 460 ($5.74) target price on the stock in a report on Thursday, October 27th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. DS Smith plc presently has an average rating of Buy and a consensus price target of GBX 448 ($5.59).
Shares of DS Smith plc (LON:SMDS) opened at 439.96 on Tuesday. DS Smith plc has a 12-month low of GBX 329.10 and a 12-month high of GBX 446.80. The company has a 50-day moving average price of GBX 419.07 and a 200-day moving average price of GBX 405.61. The company’s market cap is GBX 4.15 billion.
The business also recently announced a dividend, which will be paid on Tuesday, May 2nd. Shareholders of record on Thursday, April 6th will be issued a dividend of GBX 4.60 ($0.06) per share. This represents a yield of 1.13%. The ex-dividend date of this dividend is Thursday, April 6th.
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.