Todays Report: The DS Smith plc (SMDS) Coverage Initiated at Barclays PLC

The DS Smith plc (SMDS) Coverage Initiated at Barclays PLC

Barclays PLC assumed coverage on shares of DS Smith plc (LON:SMDS) in a research note published on Friday morning. The firm issued an overweight rating and a GBX 465 ($5.75) target price on the stock.

Other equities analysts also recently issued reports about the company. Goldman Sachs Group Inc. dropped their price target on DS Smith plc from GBX 395 ($4.89) to GBX 390 ($4.83) and set a neutral rating on the stock in a research note on Thursday, June 30th. Jefferies Group raised their price target on DS Smith plc from GBX 360 ($4.46) to GBX 390 ($4.83) and gave the stock a hold rating in a research note on Monday, June 27th. Goodbody restated a hold rating on shares of DS Smith plc in a research note on Thursday, June 23rd. Berenberg Bank raised their price target on DS Smith plc from GBX 375 ($4.64) to GBX 400 ($4.95) and gave the stock a hold rating in a research note on Friday, September 2nd. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a GBX 470 ($5.82) price target on shares of DS Smith plc in a research note on Friday, July 8th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 433 ($5.36).

DS Smith plc (LON:SMDS) opened at 410.70 on Friday. The stock has a 50 day moving average price of GBX 408.43 and a 200-day moving average price of GBX 394.93. The stock’s market capitalization is GBX 3.87 billion. DS Smith plc has a 12-month low of GBX 329.10 and a 12-month high of GBX 431.30.

In other news, insider Roberts,Miles sold 456,026 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of GBX 395 ($4.89), for a total transaction of £1,801,302.70 ($2,229,335.02).

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