DS Smith (SMDS) Earns Buy Rating from Peel Hunt
DS Smith (LON:SMDS)‘s stock had its “buy” rating reissued by Peel Hunt in a report released on Thursday.
Other equities research analysts have also issued research reports about the company. Numis Securities reaffirmed an “add” rating and set a GBX 585 ($7.64) price target on shares of DS Smith in a research report on Tuesday, September 4th. Berenberg Bank raised their price target on DS Smith from GBX 570 ($7.45) to GBX 630 ($8.23) and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 540 ($7.06) price target on shares of DS Smith in a research report on Wednesday, August 22nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 577.50 ($7.55).
LON SMDS opened at GBX 407 ($5.32) on Thursday. DS Smith has a one year low of GBX 5.26 ($0.07) and a one year high of GBX 565 ($7.38).
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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