DS Smith Plc (SMDS) Given Average Recommendation of “Buy” by Analysts
Shares of DS Smith Plc (LON:SMDS) have been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 545.50 ($7.40).
SMDS has been the topic of several research analyst reports. Peel Hunt upgraded DS Smith to a “buy” rating and lifted their price objective for the stock from GBX 550 ($7.46) to GBX 575 ($7.80) in a report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and issued a GBX 530 ($7.19) price objective (up from GBX 475 ($6.44)) on shares of DS Smith in a report on Monday, November 27th. JPMorgan Chase & Co. raised their target price on shares of DS Smith from GBX 570 ($7.73) to GBX 600 ($8.14) and gave the stock an “overweight” rating in a research note on Thursday, December 7th. Numis Securities reissued a “buy” rating and issued a GBX 570 ($7.73) target price on shares of DS Smith in a research note on Thursday, December 7th. Finally, Barclays reissued an “overweight” rating on shares of DS Smith in a research note on Friday, December 8th.
Shares of DS Smith (SMDS) opened at GBX 510.60 ($6.92) on Friday. DS Smith has a twelve month low of GBX 5.26 ($0.07) and a twelve month high of GBX 565 ($7.66). The stock has a market capitalization of $5,490.00 and a PE ratio of 2,553.00.
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DS Smith Company Profile
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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