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

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DS Smith (LON:SMDS) had its price objective boosted by equities research analysts at UBS Group from GBX 336 ($4.39) to GBX 350 ($4.57) in a report released on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential downside of 0.03% from the company’s current price.

A number of other brokerages have also commented on SMDS. JPMorgan Chase & Co. increased their price target 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. Peel Hunt reissued a “buy” rating and issued a GBX 460 ($6.01) price target on shares of DS Smith in a report on Wednesday, March 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 500 ($6.53) price target on shares of DS Smith in a report on Monday, March 25th. Jefferies Financial Group increased their price target on shares of DS Smith from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the stock a “hold” rating in a report on Wednesday, March 13th. Finally, Numis Securities reissued an “add” rating on shares of DS Smith in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 420 ($5.49).

Shares of LON:SMDS opened at GBX 350.10 ($4.57) on Friday. The firm has a market capitalization of $4.80 billion and a PE ratio of 14.71. DS Smith has a one year low of GBX 286.20 ($3.74) and a one year high of GBX 539.85 ($7.05). The company has a debt-to-equity ratio of 66.45, a quick ratio of 0.58 and a current ratio of 1.39.

In other DS Smith news, insider David Robbie acquired 20,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was bought at an average price 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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