DS Smith plc’s (SMDS) “Overweight” Rating Reiterated at J P Morgan Chase & Co
DS Smith plc (LON:SMDS)‘s stock had its “overweight” rating reiterated by J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday. They currently have a GBX 570 ($7.52) target price on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 9.40% from the company’s previous close.
A number of other research analysts have also recently commented on the company. Numis Securities Ltd reissued a “hold” rating and issued a GBX 530 ($6.99) price target on shares of DS Smith plc in a report on Tuesday. Peel Hunt raised DS Smith plc to a “buy” rating and boosted their price target for the stock from GBX 550 ($7.26) to GBX 575 ($7.59) in a report on Tuesday. Goldman Sachs Group, Inc. (The) boosted their price target on DS Smith plc from GBX 485 ($6.40) to GBX 500 ($6.60) and gave the stock a “neutral” rating in a report on Tuesday, September 12th. Beaufort Securities reissued a “buy” rating on shares of DS Smith plc in a report on Wednesday, September 6th. Finally, Berenberg Bank reissued a “buy” rating on shares of DS Smith plc in a report on Wednesday, September 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 520.33 ($6.87).
Shares of DS Smith plc (SMDS) opened at 529.50 on Wednesday. The company has a 50-day moving average of GBX 497.70 and a 200-day moving average of GBX 472.23. The stock’s market capitalization is GBX 5.02 billion. DS Smith plc has a 52 week low of GBX 376.90 and a 52 week high of GBX 533.85.
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In other news, insider Miles Roberts sold 261,079 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.80), for a total transaction of £1,344,556.85 ($1,774,289.85).
DS Smith plc 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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