DS Smith (LON:SMDS) had its price target increased by equities researchers at UBS Group from GBX 336 ($4.39) to GBX 350 ($4.57) in a research report issued to clients and investors on Friday, June 14th, ThisIsMoney.Co.Uk reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential downside of 3.95% from the stock’s previous close.
Several other research firms have also recently issued reports on SMDS. Peel Hunt reiterated a “buy” rating on shares of DS Smith in a research note on Tuesday, April 30th. Jefferies Financial Group reissued a “hold” rating and set a GBX 330 ($4.31) price objective on shares of DS Smith in a research note on Wednesday, March 6th. Numis Securities reaffirmed an “add” rating and issued a GBX 420 ($5.49) target price on shares of DS Smith in a report on Thursday, May 2nd. JPMorgan Chase & Co. lifted their target price on shares of DS Smith from GBX 400 ($5.23) to GBX 430 ($5.62) and gave the stock an “overweight” rating in a report on Friday, March 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 500 ($6.53) target price on shares of DS Smith in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 401.43 ($5.25).
LON:SMDS traded down GBX 3 ($0.04) on Friday, hitting GBX 364.40 ($4.76). The stock had a trading volume of 3,264,980 shares, compared to its average volume of 3,860,000. DS Smith has a 1 year low of GBX 286.20 ($3.74) and a 1 year high of GBX 516.20 ($6.75). The firm’s fifty day simple moving average is GBX 339.27. The firm has a market cap of $5.00 billion and a PE ratio of 17.69. The company has a current ratio of 0.88, a quick ratio of 0.53 and a debt-to-equity ratio of 88.50.
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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