Numis Securities Reiterates “Buy” Rating for DS Smith (SMDS)
DS Smith (LON:SMDS)‘s stock had its “buy” rating restated by stock analysts at Numis Securities in a research report issued on Thursday. They currently have a GBX 570 ($7.67) target price on the stock. Numis Securities’ price target indicates a potential upside of 9.20% from the stock’s previous close.
Several other equities analysts also recently weighed in on SMDS. Barclays reaffirmed an “overweight” rating and issued a GBX 565 ($7.60) price objective on shares of DS Smith in a research note on Thursday, August 17th. Peel Hunt reiterated an “add” rating and set a GBX 550 ($7.40) target price (up previously from GBX 520 ($7.00)) on shares of DS Smith in a report on Wednesday, August 30th. Berenberg Bank reiterated a “buy” rating on shares of DS Smith in a report on Wednesday, September 6th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 570 ($7.67) target price on shares of DS Smith in a report on Wednesday, September 6th. Finally, Beaufort Securities reiterated a “buy” rating on shares of DS Smith in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. DS Smith currently has a consensus rating of “Buy” and a consensus target price of GBX 548.50 ($7.38).
DS Smith (SMDS) traded down GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 522 ($7.03). The company had a trading volume of 4,130,000 shares, compared to its average volume of 3,160,000. DS Smith has a 12-month low of GBX 5.26 ($0.07) and a 12-month high of GBX 565 ($7.60).
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About DS Smith
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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