DS Smith (LON:SMDS)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research note issued on Thursday.
Several other brokerages have also recently commented on SMDS. Berenberg Bank increased their target price on DS Smith from GBX 570 ($7.45) to GBX 630 ($8.23) and gave the stock a “buy” rating in a report on Tuesday, June 19th. Numis Securities upgraded DS Smith to an “add” rating in a report on Wednesday, June 27th. Finally, Jefferies Financial Group restated a “hold” rating on shares of DS Smith in a report on Monday, August 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 577.50 ($7.55).
Shares of SMDS stock opened at GBX 407 ($5.32) on Thursday. DS Smith has a 52 week low of GBX 5.26 ($0.07) and a 52 week high of GBX 565 ($7.38).
In related news, insider Adrian Marsh sold 175,373 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of GBX 492 ($6.43), for a total value of £862,835.16 ($1,127,446.96). Also, insider Miles Roberts sold 754,037 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of GBX 484 ($6.32), for a total value of £3,649,539.08 ($4,768,769.21). In the last quarter, insiders sold 1,246,794 shares of company stock worth $497,892,872.
DS Smith Company Profile
DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. It provides transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.
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