DS Smith (LON:SMDS)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday.
A number of other analysts have also recently issued reports on SMDS. Jefferies Financial Group restated a “hold” rating on shares of DS Smith in a research report on Monday, August 6th. Numis Securities restated an “add” rating and set a GBX 585 ($7.64) price objective on shares of DS Smith in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 577.50 ($7.55).
Shares of LON SMDS opened at GBX 383.90 ($5.02) on Tuesday. DS Smith has a 12 month low of GBX 5.26 ($0.07) and a 12 month high of GBX 565 ($7.38).
In related news, insider Adrian Marsh sold 175,373 shares of the business’s stock in a transaction on 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 business’s stock in a transaction on 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).
About DS Smith
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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