Shares of DS Smith plc (LON:SMDS) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 576 ($7.43).
Several research analysts have issued reports on the company. Numis Securities reiterated an “add” rating and issued a GBX 585 ($7.55) price objective on shares of DS Smith in a research report on Tuesday. Berenberg Bank increased their price objective on DS Smith from GBX 570 ($7.35) to GBX 630 ($8.13) and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Peel Hunt reiterated a “buy” rating on shares of DS Smith in a research report on Monday, June 18th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 540 ($6.97) price objective on shares of DS Smith in a research report on Wednesday, August 22nd. Finally, Davy Research upgraded DS Smith to an “outperform” rating in a research report on Friday, May 18th.
Shares of DS Smith stock traded down GBX 0.80 ($0.01) during trading hours on Monday, hitting GBX 490.10 ($6.32). 4,015,972 shares of the company were exchanged, compared to its average volume of 3,860,000. DS Smith has a 1 year low of GBX 5.26 ($0.07) and a 1 year high of GBX 565 ($7.29).
DS Smith (LON:SMDS) last released its quarterly earnings results on Monday, June 18th. The company reported GBX 35.50 ($0.46) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 34.80 ($0.45) by GBX 0.70 ($0.01). DS Smith had a return on equity of 12.64% and a net margin of 3.82%.
The company also recently announced a dividend, which will be paid on Thursday, November 1st. Shareholders of record on Thursday, October 4th will be issued a GBX 9.80 ($0.13) dividend. This is a positive change from DS Smith’s previous dividend of $4.90. The ex-dividend date of this dividend is Thursday, October 4th. This represents a yield of 1.78%.
In other DS Smith news, insider Miles Roberts sold 317,384 shares of the company’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of GBX 147 ($1.90), for a total value of £466,554.48 ($601,850.46).
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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