DS Smith (SMDS) Earns “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of DS Smith (LON:SMDS) in a research note issued to investors on Thursday morning.

Several other equities research analysts have also recently issued reports on the company. Numis Securities reaffirmed an add rating and issued a GBX 585 ($7.64) target price on shares of DS Smith in a report on Tuesday, September 4th. Jefferies Financial Group reaffirmed a hold rating and issued a GBX 540 ($7.06) target price on shares of DS Smith in a report on Wednesday, August 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DS Smith has an average rating of Buy and an average price target of GBX 577.50 ($7.55).

Shares of SMDS stock traded up GBX 4.20 ($0.05) during trading hours on Thursday, hitting GBX 311.50 ($4.07). The stock had a trading volume of 5,053,919 shares, compared to its average volume of 3,860,000. DS Smith has a one year low of GBX 5.26 ($0.07) and a one year high of GBX 565 ($7.38).

In other DS Smith news, insider Miles Roberts sold 754,037 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of GBX 484 ($6.32), for a total transaction of £3,649,539.08 ($4,768,769.21). Also, insider Jonathan C. Nicholls acquired 15,000 shares of DS Smith stock in a transaction on Thursday, December 6th. The shares were bought at an average cost of GBX 319 ($4.17) per share, for a total transaction of £47,850 ($62,524.50).

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.

Further Reading: Capital gains and your 401(k) or IRA

Analyst Recommendations for DS Smith (LON:SMDS)

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