Smith (DS) (SMDS)

Sector:

Manufacturing

Index:

FTSE 100

583.00p
   
  • Change Today:
      8.50p
  • 52 Week High: 587.00p
  • 52 Week Low: 270.70p
  • Currency: UK Pounds
  • Shares Issued: 1,380.50m
  • Volume: 17,638,701
  • Market Cap: £8,048m
  • RiskGrade: 168
  • Beta: 0.33

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.

Email this article to a friend

or share it with one of these popular networks:


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 583.00p
Change Today 8.50p
% Change 1.48 %
52 Week High 587.00p
52 Week Low 270.70p
Volume 17,638,701
Shares Issued 1,380.50m
Market Cap £8,048m
Beta 0.33
RiskGrade 168

Smith (DS) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.60% above the market average10.60% above the market average10.60% above the market average10.60% above the market average10.60% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
96.39% above the market average96.39% above the market average96.39% above the market average96.39% above the market average96.39% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
10.03% below the market average10.03% below the market average10.03% below the market average10.03% below the market average10.03% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
56.96% below the market average56.96% below the market average56.96% below the market average56.96% below the market average56.96% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 4
Sell 1
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 21-Nov-2024

Time Volume / Share Price
14:33 7,058,416 @ 580.50p
14:33 7,058,416 @ 580.50p
16:49 3,084 @ 583.00p
16:47 30,000 @ 581.48p
16:29 678 @ 586.00p

Smith (DS) Key Personnel

CEO Miles Roberts

Top of Page