DS Smith (LON:SMDS) Rating Reaffirmed
In recent note published on 8 December, The “Buy” rating of DS Smith (LON:SMDS) shares was reconfirmed by Analysts at Investec, who now has a GBX 430 price target on the stock. Investec’s price target implies a possible upside of 10.71% from the stock close price of the company.
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 7.81% above today’s (GBX 384.6) 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.
Approximately 674,620 shares of stock traded hands. DS Smith plc (LON:SMDS) has risen 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 3.74 billion GBP. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. It has 27.95 P/E ratio. The Company’s operating divisions include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.