DS Smith (LON:SMDS) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from GBX 430 ($5.62) to GBX 440 ($5.75) in a report issued on Thursday, June 13th, ThisIsMoney.Co.Uk reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.75% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “hold” rating on shares of DS Smith in a research report on Tuesday, April 9th. Numis Securities reiterated an “add” rating on shares of DS Smith in a research report on Thursday, June 6th. UBS Group began coverage on shares of DS Smith in a research report on Thursday, June 6th. They issued a “neutral” rating and a GBX 336 ($4.39) price target on the stock. Peel Hunt restated a “buy” rating on shares of DS Smith in a research report on Thursday, June 13th. Finally, Berenberg Bank reduced their price target on shares of DS Smith from GBX 500 ($6.53) to GBX 480 ($6.27) and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. DS Smith currently has a consensus rating of “Hold” and a consensus target price of GBX 401.43 ($5.25).
Shares of DS Smith stock traded down GBX 3 ($0.04) on Thursday, hitting GBX 364.40 ($4.76). 3,264,980 shares of the company traded hands, compared to its average volume of 3,860,000. The firm has a market cap of $5.00 billion and a PE ratio of 17.69. The company has a quick ratio of 0.53, a current ratio of 0.88 and a debt-to-equity ratio of 88.50. DS Smith has a 52 week low of GBX 286.20 ($3.74) and a 52 week high of GBX 516.20 ($6.75). The company’s 50-day moving average price is GBX 339.27.
DS Smith Company Profile
DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. It provides transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.
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