DS Smith Given “Buy” Rating at UBS AG (SMDS)
DS Smith (LON:SMDS)‘s stock had its “buy” rating restated by equities researchers at UBS AG in a research report issued on Friday, StockRatingsNetwork.com reports. They currently have a GBX 275 ($4.28) price objective on the stock. UBS AG’s price objective indicates a potential upside of 3.97% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of DS Smith from GBX 265 ($4.13) to GBX 300 ($4.67) in a research note to investors on Tuesday, August 20th. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of DS Smith in a research note to investors on Friday, August 16th. They now have a GBX 310 ($4.83) price target on the stock.
One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 285.71 ($4.45).
Shares of DS Smith (LON:SMDS) traded up 5.09% during mid-day trading on Friday, hitting GBX 264.50. The stock had a trading volume of 1,804,650 shares. DS Smith has a 52-week low of GBX 158.90 and a 52-week high of GBX 460.337. The stock has a 50-day moving average of GBX 255.9 and a 200-day moving average of GBX 239.9. The company’s market cap is £2.451 billion.
DS Smith Plc is a holding company engaged in the supply of recycled packaging for consumer goods and the wholesaling of office products.
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