A number of other equities analysts have also weighed in on SMDS. Goldman Sachs Group upped their price objective on DS Smith from GBX 485 ($6.48) to GBX 500 ($6.69) and gave the stock a neutral rating in a research note on Tuesday, September 12th. Beaufort Securities reaffirmed a buy rating on shares of DS Smith in a research note on Wednesday, September 6th. Peel Hunt reaffirmed an add rating and issued a GBX 550 ($7.35) price objective on shares of DS Smith in a research note on Tuesday, September 5th. Barclays reiterated an overweight rating and issued a GBX 565 ($7.55) target price on shares of DS Smith in a research report on Thursday, August 17th. Finally, Jefferies Group reiterated a hold rating and issued a GBX 530 ($7.09) target price on shares of DS Smith in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. DS Smith presently has an average rating of Buy and a consensus target price of GBX 548.50 ($7.33).
DS Smith (LON:SMDS) traded down GBX 3.70 ($0.05) during trading on Thursday, reaching GBX 513.80 ($6.87). The company had a trading volume of 2,523,470 shares, compared to its average volume of 3,970,000. The stock has a market capitalization of $5,490.00 and a PE ratio of 2,569.00. DS Smith has a 12 month low of GBX 5.26 ($0.07) and a 12 month high of GBX 565 ($7.55).
The firm also recently disclosed a dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, April 5th will be given a GBX 4.90 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 0.95%.
In other news, insider Miles Roberts sold 261,079 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.89), for a total value of £1,344,556.85 ($1,797,776.24).
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About DS Smith
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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