DS Smith plc (LON:SMDS) has been given an average recommendation of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 551.67 ($7.40).
SMDS has been the subject of a number of research analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 575 ($7.72) target price on shares of DS Smith in a research report on Wednesday, February 7th. Goldman Sachs Group reaffirmed a “neutral” rating and set a GBX 525 ($7.04) target price on shares of DS Smith in a research report on Monday, March 5th. Jefferies Group reaffirmed a “hold” rating and set a GBX 530 ($7.11) target price on shares of DS Smith in a research report on Tuesday, March 6th. Numis Securities reaffirmed a “hold” rating and set a GBX 530 ($7.11) target price on shares of DS Smith in a research report on Thursday, March 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 600 ($8.05) target price on shares of DS Smith in a research report on Thursday, March 8th.
Shares of LON:SMDS traded up GBX 4.60 ($0.06) during trading on Friday, hitting GBX 559.40 ($7.51). 2,455,804 shares of the company’s stock were exchanged, compared to its average volume of 3,860,000. DS Smith has a 1-year low of GBX 5.26 ($0.07) and a 1-year high of GBX 565 ($7.58).
About DS Smith
DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods worldwide. The company offers 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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