DS Smith (SMDS.L) 20-01-20
Will DS Smith (SMDS.L) shares break below the 357p support, or return to highs of 394p (+10%)?
- Currently close to the 357p support at 355.8p (at time of writing).
- This has been identified for ostensibly strong support level. Traders should consider whetehr they think it will hold up again.
- Will the price bounce again to recent highs at 394p? (+10%).
- Technical traders should consider potential news and developments. Check our website and the press for updates in future.
- Shares -9% from 12-month highs; +15% from 12 month lows.
Latest News
15 Jan: Bank of America Merrill Lynch has downgraded its rating on Smith (DS) (SMDS) to neutral (from buy) and reduced the target price to 400p (from 450p).
10 Dec: Jefferies International reiterates its hold rating on Smith (DS) (SMDS) and increased the target price to 370p (from 360p).
05 Dec: DS Smith, the packaging group, reported that group profits and return on sales had broken previous records, despite the challenging environment. Profit before tax rose 31% to £213m for the half year.
04 Nov: JP Morgan Cazenove reiterates its overweight rating on Smith (DS) (SMDS) and reduced the target price to 420p (from 440p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires