DS Smith (LON:SMDS) had its price target increased by stock analysts at Jefferies Financial Group from GBX 360 ($4.74) to GBX 370 ($4.87) in a report released on Tuesday, December 10th, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 4.29% from the stock’s current price.
Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their price objective on DS Smith from GBX 440 ($5.79) to GBX 420 ($5.52) and set an “overweight” rating for the company in a research note on Monday, November 4th. Peel Hunt reaffirmed a “buy” rating on shares of DS Smith in a research report on Thursday, December 5th. Berenberg Bank reaffirmed a “buy” rating on shares of DS Smith in a research report on Friday, December 6th. Finally, UBS Group reaffirmed a “neutral” rating on shares of DS Smith in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 406.25 ($5.34).
Shares of SMDS stock traded up GBX 2.40 ($0.03) during mid-day trading on Tuesday, hitting GBX 386.60 ($5.09). 3,523,769 shares of the stock traded hands, compared to its average volume of 3,860,000. The firm has a market cap of $5.31 billion and a price-to-earnings ratio of 16.81. The company has a debt-to-equity ratio of 92.09, a quick ratio of 0.51 and a current ratio of 0.85. The company’s 50-day simple moving average is GBX 383.16 and its 200-day simple moving average is GBX 358.51. DS Smith has a twelve month low of GBX 291.80 ($3.84) and a twelve month high of GBX 397.80 ($5.23).
About DS Smith
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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