Published On: Wed, Sep 7th, 2016

DS Smith plc (SMDS) Receives “Buy” Rating from Beaufort Securities

DS Smith plc (LON:SMDS)‘s stock had its “buy” rating reaffirmed by stock analysts at Beaufort Securities in a note issued to investors on Wednesday.
DS Smith plc (LON:SMDS) opened at 425.60 on Wednesday. The stock’s market capitalization is GBX 4.02 billion. The stock has a 50 day moving average price of GBX 406.17 and a 200-day moving average price of GBX 392.97. DS Smith plc has a 12-month low of GBX 329.10 and a 12-month high of GBX 431.30.
The company also recently announced a dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Thursday, September 29th will be issued a GBX 8.80 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, September 29th. This is an increase from DS Smith plc’s previous dividend of $4.00. This represents a dividend yield of 2.13%.

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A number of other research firms also recently issued reports on SMDS. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 470 ($6.26) price target on shares of DS Smith plc in a research note on Wednesday. Goodbody reaffirmed a “hold” rating on shares of DS Smith plc in a report on Tuesday. Numis Securities Ltd cut DS Smith plc to a “hold” rating and raised their target price for the stock from GBX 430 ($5.73) to GBX 460 ($6.13) in a report on Tuesday. Jefferies Group raised their target price on DS Smith plc from GBX 390 ($5.19) to GBX 440 ($5.86) and gave the stock a “hold” rating in a report on Tuesday. Finally, Berenberg Bank raised their target price on DS Smith plc from GBX 375 ($4.99) to GBX 400 ($5.33) and gave the stock a “hold” rating in a report on Friday, September 2nd. Six equities 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 a consensus rating of “Buy” and an average target price of GBX 426.45 ($5.68).
In other news, insider Roberts,Miles sold 456,026 shares of DS Smith plc stock in a transaction dated Friday, July 29th. The stock was sold at an average price of GBX 395 ($5.26), for a total value of £1,801,302.70 ($2,399,177.81).
DS Smith Plc. is engaged in designing and manufacturing of recycled packaging for consumer goods. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. The Company’s operating segments include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.

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