Shares of DS Smith Plc (LON:SMDS) have received a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 538.29 ($7.24).
SMDS has been the topic of a number of recent research reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 570 ($7.67) price target on shares of DS Smith in a research report on Wednesday, September 6th. Peel Hunt raised DS Smith to a “buy” rating and increased their price objective for the stock from GBX 550 ($7.40) to GBX 575 ($7.74) in a report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and set a GBX 530 ($7.13) price objective (up previously from GBX 475 ($6.39)) on shares of DS Smith in a report on Monday, November 27th. Numis Securities reissued a “hold” rating and set a GBX 530 ($7.13) price objective on shares of DS Smith in a report on Tuesday, October 31st. Finally, Berenberg Bank reissued a “buy” rating on shares of DS Smith in a report on Wednesday, September 6th.
Shares of DS Smith (LON SMDS) traded up GBX 2 ($0.03) during midday trading on Friday, hitting GBX 539 ($7.25). The stock had a trading volume of 2,279,655 shares, compared to its average volume of 3,090,000. DS Smith has a 1 year low of GBX 5.26 ($0.07) and a 1 year high of GBX 565 ($7.60).
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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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