DS Smith (OTCMKTS:DITHF) Downgraded by Jefferies Financial Group
Jefferies Financial Group lowered shares of DS Smith (OTCMKTS:DITHF) from a buy rating to a hold rating in a report released on Monday, The Fly reports. Jefferies Financial Group also issued estimates for DS Smith’s FY2021 earnings at $0.29 EPS and FY2022 earnings at $0.36 EPS.
Several other brokerages have also recently issued reports on DITHF. UBS Group restated a neutral rating on shares of DS Smith in a research note on Wednesday, June 17th. ValuEngine upgraded DS Smith from a sell rating to a hold rating in a research note on Tuesday, March 24th. Finally, Zacks Investment Research downgraded shares of DS Smith from a hold rating to a sell rating in a report on Thursday, June 25th.
Shares of DS Smith stock opened at $3.40 on Monday. DS Smith has a 1 year low of $3.10 and a 1 year high of $5.32. The firm’s 50-day simple moving average is $4.05 and its 200-day simple moving average is $4.27. The firm has a market cap of $4.30 billion, a PE ratio of 7.91 and a beta of 0.75.
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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