Davy Research Reiterates Underperform Rating for DS Smith (SMDS)
DS Smith (LON:SMDS)‘s stock had its “underperform” rating reaffirmed by research analysts at Davy Research in a report released on Friday, Analyst Ratings.Net reports.
DS Smith (LON:SMDS) opened at 282.43 on Friday. The stock has a 50-day moving average of GBX 261.8 and a 200-day moving average of GBX 243.0. The company’s market cap is £2.617 billion.
Several other analysts have also recently commented on the stock. Analysts at UBS AG reiterated a “buy” rating on shares of DS Smith (LON:SMDS) in a research note to investors on Monday. They now have a GBX 275 ($4.30) price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of DS Smith (LON:SMDS) to an “equal weight” rating in a research note to investors on Wednesday, September 4th. They now have a GBX 165 ($2.58) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of DS Smith (LON:SMDS) in a research note to investors on Tuesday, September 3rd. They now have a GBX 300 ($4.69) price target on the stock.
One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 280 ($4.38).
DS Smith Plc is a holding company engaged in the supply of recycled packaging for consumer goods and the wholesaling of office products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.