Why Citigroup Has Just Restated Their Buy Rating For Smith (LON:SMDS) Shares


Smith (LON:SMDS) Rating Reaffirmed

In analysts note revealed to clients on Friday morning, Smith (LON:SMDS) shares had their Buy Rating has reaffirmed by research professionals at Citigroup.

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 4.17% above today’s (GBX 396.3) 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.

Approximately 1.56M 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.

Why Citigroup Has Just Restated Their Buy Rating For Smith (LON:SMDS) Shares

DS Smith Plc. is engaged in designing and manufacturing of recycled packaging for consumer goods. The company has a market cap of 3.57 billion GBP. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. It has 28.8 P/E ratio. The Company’s operating divisions include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.