Breaking: J.P. Morgan Maintains GBX 460 TP On DS Smith (LON:SMDS) Shares, Maintains Their Original “Overweight” Rating

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DS Smith (LON:SMDS) Rating Reaffirmed

London: In recent note issued on Thursday, 3 December, J.P. Morgan has decided to reaffirm their “Overweight” rating on DS Smith (LON:SMDS) shares. They now have a GBX 460 target price on the firm. J.P. Morgan’s target would possibly suggest a potential upside of 12.86% from the company’s previous stock close.

From a total of 13 analysts covering Smith DS PLC (LON:SMDS) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is GBX 450 while the lowest target price is GBX 350. The mean of all analyst targets is GBX 411.85 with a 1.53% above today’s (GBX 403) stock price. Smith DS PLC was the topic of 28 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 30 with “Neutral” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 430 target share price in a report from an October 27. Davy Research maintained SMDS stock in a recent report from October 30 with “Underperform” rating. Citigroup maintained the rating on October 9. Citigroup has a “Buy” rating and a GBX 446 price target on shares. Finally, J.P. Morgan maintained the stock with “Overweight” rating in a report issued on an October 27.

Approximately 1.50 million shares of stock traded hands. DS Smith plc (LON:SMDS) has risen 21.01% since May 6, 2015 and is uptrending. It has outperformed by 21.30% the S&P500.

Breaking: J.P. Morgan Maintains GBX 460 TP On DS Smith (LON:SMDS) Shares, Maintains Their Original

DS Smith Plc. is engaged in designing and manufacturing of recycled packaging for consumer goods. The company has a market cap of 3.81 billion GBP. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. It has 24.53 P/E ratio. The Company’s operating divisions include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.

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