Barclays PLC Reiterates Overweight Rating for DS Smith plc (SMDS)

Barclays PLC reissued their overweight rating on shares of DS Smith plc (LON:SMDS) in a report released on Thursday. Barclays PLC currently has a GBX 565 ($7.33) price objective on the stock.

SMDS has been the topic of several other research reports. Numis Securities Ltd lowered DS Smith plc to a hold rating and upped their price objective for the company from GBX 495 ($6.43) to GBX 520 ($6.75) in a research note on Tuesday, July 18th. Peel Hunt restated a buy rating and issued a GBX 520 ($6.75) price objective on shares of DS Smith plc in a research note on Thursday, June 29th. J P Morgan Chase & Co upped their price objective on DS Smith plc from GBX 475 ($6.17) to GBX 500 ($6.49) and gave the company an overweight rating in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 430 ($5.58) price objective on shares of DS Smith plc in a research note on Monday, April 24th. Finally, Jefferies Group LLC restated a hold rating and issued a GBX 460 ($5.97) price objective on shares of DS Smith plc in a research note on Thursday, May 18th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 497.56 ($6.46).

Shares of DS Smith plc (LON SMDS) traded down 0.58% on Thursday, hitting GBX 497.60. The company had a trading volume of 1,410,824 shares. DS Smith plc has a 12-month low of GBX 376.40 and a 12-month high of GBX 508.00. The firm has a 50 day moving average of GBX 487.63 and a 200-day moving average of GBX 452.39. The firm’s market capitalization is GBX 4.72 billion.

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The company also recently announced a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 5th will be paid a dividend of GBX 10.60 ($0.14) per share. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 2.2%. This is a positive change from DS Smith plc’s previous dividend of $4.60.

In other news, insider Adrian Marsh bought 3,345 shares of the stock in a transaction dated Wednesday, July 19th. The shares were bought at an average price of GBX 481 ($6.24) per share, for a total transaction of £16,089.45 ($20,887.25).

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.

Analyst Recommendations for DS Smith plc (LON:SMDS)

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