Smith DS PLC (LON:SMDS) Rating Reaffirmed
JP Morgan Cazenove now has a GBX 460.00 target PPS on the 3.73 billion GBP market cap company or -6.12% downside potential. In a recent research report sent to clients and investors on 4 December, Smith DS PLC (LON:SMDS) shares have had their Overweight Rating reiterated by analysts at JP Morgan Cazenove.
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 -0.30% below today’s (GBX 414.05) stock price. Smith DS PLC was the topic of 32 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 4 with “Overweight” rating. Jefferies maintained shares with “Hold” rating and GBX 410 target share price in a report from a November 27. Goodbody maintained SMDS stock in a recent report from December 3 with “Sell” rating. Citigroup maintained the rating on October 9. Citigroup has a “Buy” rating and a GBX 446 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on a November 30.
The stock increased 4.82% or GBX 19.05 on December 3, striking GBX 414.05. Approximately shares of stock traded hands. DS Smith plc (LON:SMDS) has risen 12.73% since May 7, 2015 and is uptrending. It has outperformed by 15.51% the S&P500.
DS Smith Plc. is engaged in designing and manufacturing of recycled packaging for consumer goods. The company has a market cap of 3.73 billion GBP. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. It has 30.09 P/E ratio. The Company’s operating divisions include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.