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.
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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