DS Smith plc’s Underperform Rating Reiterated at Davy Research (SMDS)
A number of other firms have also recently commented on SMDS. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of DS Smith plc in a research note on Tuesday, August 5th. They now have a GBX 350 ($5.85) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of DS Smith plc in a research note on Thursday, July 31st. They now have a GBX 377 ($6.30) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of DS Smith plc from GBX 400 ($6.69) to GBX 350 ($5.85) in a research note on Monday, July 14th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. DS Smith plc has a consensus rating of “Hold” and a consensus price target of GBX 335.15 ($5.60).
Shares of DS Smith plc (LON:SMDS) opened at 275.10 on Monday. DS Smith plc has a 52-week low of GBX 250.20 and a 52-week high of GBX 359.10. The stock has a 50-day moving average of GBX 269.7 and a 200-day moving average of GBX 309.2. The company’s market cap is £2.564 billion.
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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