J P Morgan Chase & Co Reiterates Overweight Rating for DS Smith plc (SMDS)
DS Smith plc (LON:SMDS)‘s stock had its “overweight” rating reiterated by equities researchers at J P Morgan Chase & Co in a research note issued on Friday. They currently have a GBX 570 ($7.57) target price on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 16.33% from the stock’s current price.
Several other analysts have also commented on SMDS. Numis Securities Ltd raised their price target on shares of DS Smith plc from GBX 520 ($6.91) to GBX 530 ($7.04) and gave the company a “hold” rating in a research report on Thursday. Barclays PLC restated an “overweight” rating and set a GBX 565 ($7.51) price target on shares of DS Smith plc in a research report on Thursday, August 17th. Berenberg Bank restated a “buy” rating on shares of DS Smith plc in a research report on Wednesday, September 6th. Peel Hunt restated a “buy” rating and set a GBX 520 ($6.91) price target on shares of DS Smith plc in a research report on Thursday, June 29th. Finally, Beaufort Securities restated a “buy” rating on shares of DS Smith plc in a research report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 517.56 ($6.88).
Shares of DS Smith plc (SMDS) traded down 0.24% during midday trading on Friday, hitting GBX 490.00. 8,750,720 shares of the stock were exchanged. DS Smith plc has a 12 month low of GBX 376.90 and a 12 month high of GBX 517.00. The stock’s market cap is GBX 4.65 billion. The firm’s 50-day moving average is GBX 495.28 and its 200-day moving average is GBX 467.87.
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In other DS Smith plc news, insider Adrian Marsh purchased 175,044 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of GBX 484 ($6.43) per share, with a total value of £847,212.96 ($1,125,714.80). Also, insider Miles Roberts sold 261,079 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.84), for a total transaction of £1,344,556.85 ($1,786,549.10).
About DS Smith plc
DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.
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