Smith (DS) (SMDS)

Sector:

Manufacturing

Index:

FTSE 100

447.20p
   
  • Change Today:
    -2.20p
  • 52 Week High: 478.80
  • 52 Week Low: 263.70
  • Currency: UK Pounds
  • Shares Issued: 1,380.27m
  • Volume: 7,997,813
  • Market Cap: £6,173m
  • RiskGrade: 168

DS Smith rallies as Suzano abandons pursuit of International Paper

By Michele Maatouk

Date: Thursday 27 Jun 2024

LONDON (ShareCast) - (Sharecast News) - DS Smith was the top gainer on the FTSE 100 on Thursday after Brazilian pulp maker Suzano said it had ended talks to buy International Paper.
In a statement on Wednesday, Suzano said that IP had not engaged with the highest price it was willing to pay.

Suzano said it had reached what it believes to be "the maximum price" for the transaction to generate value for it "without engagement from the other party".

"Therefore, in observance of its commitment to capital discipline, Suzano formalizes that it will not pursue a transaction involving the acquisition of International Paper," it said.

DS Smith agreed to be bought by International Paper in April for £5.8bn. According to Reuters, a deal between Suzano and IP would have been conditional on IP abandoning its DS Smith bid.

At 1000 BST, DS Smith shares were up 5.8% at 389.69p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Smith (DS) Market Data

Currency UK Pounds
Share Price 447.20p
Change Today -2.20p
% Change -0.49 %
52 Week High 478.80
52 Week Low 263.70
Volume 7,997,813
Shares Issued 1,380.27m
Market Cap £6,173m
RiskGrade 168

Smith (DS) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.73% above the market average39.73% above the market average39.73% above the market average39.73% above the market average39.73% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Price Trend
92.39% above the market average92.39% above the market average92.39% above the market average92.39% above the market average92.39% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
28.33% above the market average28.33% above the market average28.33% above the market average28.33% above the market average28.33% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
59.55% below the market average59.55% below the market average59.55% below the market average59.55% below the market average59.55% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 5
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smith (DS) Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Sep-24 14-Dec-23
Paid 04-Oct-24 31-Jan-24
Amount 12.00p 6.00p

Trades for 06-Sep-2024

Time Volume / Share Price
16:36 157,832 @ 448.89p
16:36 108,115 @ 448.89p
16:38 687,827 @ 450.62p
15:47 322,947 @ 447.20p
17:00 322,947 @ 446.93p

Smith (DS) Key Personnel

CEO Miles Roberts

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