DS Smith plc Receives “Hold” Rating from Jefferies Group (SMDS)
DS Smith plc (LON:SMDS)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group in a report released on Thursday. They currently have a GBX 335 ($5.70) target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 9.73% from the company’s current price.
Shares of DS Smith plc (LON:SMDS) traded down 5.90% on Thursday, hitting GBX 287.30. 7,651,966 shares of the company’s stock traded hands. DS Smith plc has a one year low of GBX 230.40 and a one year high of GBX 359.10. The stock has a 50-day moving average of GBX 315.6 and a 200-day moving average of GBX 324.0. The company’s market cap is £2.672 billion.
Several other analysts have also recently commented on the stock. Analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of DS Smith plc in a research note on Wednesday. Separately, analysts at Investec reiterated a “buy” rating on shares of DS Smith plc in a research note on Tuesday. They now have a GBX 390 ($6.64) price target on the stock. Finally, analysts at Davy Research reiterated an “underperform” rating on shares of DS Smith plc in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. DS Smith plc currently has an average rating of “Buy” and an average price target of GBX 340.54 ($5.80).
DS Smith Plc is a holding company engaged in the supply of recycled packaging for consumer goods. It provides corrugated packaging solutions throughout Europe as well as plastic packaging solutions worldwide.
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