DS Smith Receives “Buy” Rating from Citigroup Inc. (SMDS)
DS Smith (LON:SMDS)‘s stock had its “buy” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Wednesday, Stock Ratings Network reports. They currently have a GBX 300 ($4.84) price objective on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 4.64% from the stock’s previous close.
Shares of DS Smith (LON:SMDS) traded down 3.16% during mid-day trading on Wednesday, hitting GBX 277.60. The stock had a trading volume of 575,545 shares. DS Smith has a 52 week low of GBX 185.70 and a 52 week high of GBX 290.40. The stock has a 50-day moving average of GBX 267.6 and a 200-day moving average of GBX 244.8. The company’s market cap is £2.572 billion.
SMDS has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of DS Smith (LON:SMDS) in a research note to investors on Wednesday. They now have a GBX 345 ($5.57) price target on the stock. Separately, analysts at Investec raised their price target on shares of DS Smith (LON:SMDS) from GBX 300 ($4.84) to GBX 320 ($5.16) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Finally, analysts at Davy Research reiterated an “underperform” rating on shares of DS Smith (LON:SMDS) in a research note to investors on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 285.70 ($4.61).
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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