DS Smith plc (SMDS) Lifted to Buy at Peel Hunt

Peel Hunt upgraded shares of DS Smith plc (LON:SMDS) to a buy rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has GBX 575 ($7.59) price target on the stock, up from their previous price target of GBX 550 ($7.26).

SMDS has been the subject of a number of other research reports. J P Morgan Chase & Co reissued an overweight rating and set a GBX 570 ($7.52) target price on shares of DS Smith plc in a research report on Wednesday, September 6th. Numis Securities Ltd cut shares of DS Smith plc to a hold rating and increased their target price for the company from GBX 495 ($6.53) to GBX 520 ($6.86) in a research report on Tuesday, July 18th. Berenberg Bank reissued a buy rating on shares of DS Smith plc in a research report on Wednesday, September 6th. Barclays PLC reissued an overweight rating and set a GBX 565 ($7.46) target price (up previously from GBX 508 ($6.70)) on shares of DS Smith plc in a research report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) increased their target price on shares of DS Smith plc from GBX 485 ($6.40) to GBX 500 ($6.60) and gave the company a neutral rating in a research report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. DS Smith plc presently has an average rating of Buy and a consensus price target of GBX 520.33 ($6.87).

Shares of DS Smith plc (SMDS) opened at GBX 528 ($6.97) on Tuesday.

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In other DS Smith plc news, insider Miles Roberts sold 261,079 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of GBX 515 ($6.80), for a total transaction of £1,344,556.85 ($1,774,289.85).

About DS Smith plc

DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.

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