DS Smith (LON:SMDS) Price Target Raised to GBX 350

DS Smith (LON:SMDS) had its price target boosted by UBS Group from GBX 336 ($4.39) to GBX 350 ($4.57) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 1.66% from the stock’s current price.

SMDS has been the subject of several other reports. Jefferies Financial Group reiterated a “hold” rating on shares of DS Smith in a report on Tuesday, April 9th. Berenberg Bank lowered their price target on DS Smith from GBX 500 ($6.53) to GBX 480 ($6.27) and set a “buy” rating for the company in a report on Thursday, May 23rd. Numis Securities reiterated an “add” rating on shares of DS Smith in a report on Thursday, June 6th. Peel Hunt reiterated a “buy” rating on shares of DS Smith in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on DS Smith from GBX 430 ($5.62) to GBX 440 ($5.75) and gave the company an “overweight” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. DS Smith presently has an average rating of “Buy” and an average price target of GBX 420 ($5.49).

Shares of LON SMDS opened at GBX 355.90 ($4.65) on Friday. DS Smith has a 12-month low of GBX 286.20 ($3.74) and a 12-month high of GBX 539.85 ($7.05). The firm has a market capitalization of $4.88 billion and a P/E ratio of 14.95. The company has a debt-to-equity ratio of 66.45, a current ratio of 1.39 and a quick ratio of 0.58.

In related news, insider David Robbie purchased 20,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average cost of GBX 342 ($4.47) per share, for a total transaction of £68,400 ($89,376.72).

About DS Smith

DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. It provides transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.

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