DS Smith (LON:SMDS) Price Target Raised to GBX 440

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.

In other news, insider David Robbie acquired 20,000 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was bought at an average cost of GBX 342 ($4.47) per share, with a total value of £68,400 ($89,376.72).

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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Analyst Recommendations for DS Smith (LON:SMDS)

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