DS Smith (LON:SMDS) PT Raised to GBX 350

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.

In other DS Smith news, insider David Robbie bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was bought at an average cost of GBX 342 ($4.47) per share, for a total transaction 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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