Peel Hunt Cuts DS Smith (SMDS) Price Target to GBX 460

DS Smith (LON:SMDS) had its target price reduced by Peel Hunt from GBX 585 ($7.64) to GBX 460 ($6.01) in a research report released on Monday. Peel Hunt currently has a buy rating on the stock.

A number of other research firms have also weighed in on SMDS. Citigroup reiterated a buy rating on shares of DS Smith in a research report on Friday, February 8th. JPMorgan Chase & Co. lowered their price objective on shares of DS Smith from GBX 600 ($7.84) to GBX 400 ($5.23) and set an overweight rating on the stock in a research report on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 523.33 ($6.84).

LON:SMDS opened at GBX 353.50 ($4.62) on Monday. DS Smith has a 1-year low of GBX 5.26 ($0.07) and a 1-year high of GBX 565 ($7.38).

The business also recently announced a dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 1.74%.

In related news, insider Jonathan C. Nicholls bought 15,000 shares of the firm’s 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.

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