Smith DS PLC (LON:SMDS) Rating Reaffirmed
The financial company has just set a target price of GBX 430.00 on Smith DS PLC (LON:SMDS) shares. This is 11.37% from the closing share price. In a very recent research note shared with investors on Tuesday morning, Jefferies International kept steady their “Hold” rating on shares of SMDS.
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 460 while the lowest target price is GBX 350. The mean of all analyst targets is GBX 413.38 with a 7.39% above today’s (GBX 386.1) stock price. Smith DS PLC was the topic of 34 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 8 with “Hold” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 430 target share price in a report from a December 3. JP Morgan maintained SMDS stock in a recent report from December 4 with “Overweight” rating. UBS maintained the rating on November 30. UBS has a “Neutral” rating and a GBX 390 price target on shares. Finally, Goodbody maintained the stock with “Sell” rating in a report issued on a December 3.
The stock closed the day at GBX 386.1 during the previous session. It is down 8.00% since May 11, 2015 and is uptrending. It has outperformed by 8.59% 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 3.75 billion GBP. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. It has 28.06 P/E ratio. The Company’s operating divisions include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.