|Bid||492.20 x 41300|
|Ask||492.30 x 110000|
|Day's range||490.50 - 497.00|
|52-week range||415.70 - 565.00|
|PE ratio (TTM)||24.25|
|Forward dividend & yield||0.15 (3.12%)|
|1y target est||552.31|
It may not be the most exciting sector in the investment universe, but the paper-and-packaging industry made market waves Tuesday after Smurfit Kappa received a takeover bid.
Shares of the company rose 2.8 percent to 554 pence on the London Stock Exchange. DS Smith, a maker of corrugated cardboard, recycled paper and plastic packaging, said profit before tax fell to 144 million pounds for the six months ended Oct. 31, from 146 million pounds a year earlier. DS Smith, founded in 1940 as a box-making business in London, serves European fast-moving consumer goods (FMCG) operators and competes with Smurfit Kappa, Mondi and RPC Group.
** DS Smith +0.8% around record highs ** DS Smith says volume growth has been "consistently very strong" in H1, and across all its regions, driven by demand from pan-European and e-commerce customers ...
DS Smith, a maker of corrugated cardboard, recycled paper and plastic packaging, said family-owned EcoPack and EcoPaper's packaging assets and a paper machine that specialises in light-weight paper would help boost growth and achieve cost synergies. DS Smith will use existing cash and debt facilities to fund the deal, along with 35 million euros worth of its shares, the company said in a statement. The transaction, expected to be closed in the third fiscal quarter, will add to earnings immediately, DS Smith said.
British shares ended the session slightly down on Wednesday after results from paper and packaging firm Mondi disappointed and sub-prime lender Provident Financial sank after a downgrade from Barclays. The FTSE 100 (.FTSE) closed down 0.06 percent at 7,533.81 points with financials and materials firms being the biggest drags on the index. The FTSE has moved a long way already and it looks quite toppy," said Rory McPherson, head of investment strategy at Psigma Investment Management.
British shares ended the session slightly down on Wednesday after results from paper and packaging firm Mondi disappointed and sub-prime lender Provident Financial sank after a downgrade from Barclays. ...
** British packaging materials maker DS Smith up 2.8 pct ** 4-star rated Berenberg raises co to "buy" from "hold" ** Berenberg says the co is too cheap relative to the average stock ...