DS Smith plc (SMDS) Stock Rating Reaffirmed by J P Morgan Chase & Co

J P Morgan Chase & Co reissued their overweight rating on shares of DS Smith plc (LON:SMDS) in a research note issued to investors on Wednesday, November 1st. The brokerage currently has a GBX 570 ($7.50) price target on the stock.

Several other equities analysts have also recently weighed in on SMDS. Peel Hunt restated an add rating and set a GBX 550 ($7.23) price target on shares of DS Smith plc in a report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) raised their price target on DS Smith plc from GBX 485 ($6.38) to GBX 500 ($6.58) and gave the company a neutral rating in a report on Tuesday, September 12th. Beaufort Securities reaffirmed a buy rating on shares of DS Smith plc in a research note on Wednesday, September 6th. Berenberg Bank raised DS Smith plc to a buy rating and raised their price objective for the company from GBX 400 ($5.26) to GBX 550 ($7.23) in a research note on Thursday, August 3rd. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 565 ($7.43) price objective on shares of DS Smith plc in a research note on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 532.88 ($7.01).

DS Smith plc (LON:SMDS) traded up GBX 3.50 ($0.05) during trading hours on Wednesday, hitting GBX 527.50 ($6.94). The company had a trading volume of 2,354,559 shares, compared to its average volume of 3,200,000. DS Smith plc has a 12-month low of GBX 378.30 ($4.98) and a 12-month high of GBX 533.86 ($7.02).

ILLEGAL ACTIVITY NOTICE: “DS Smith plc (SMDS) Stock Rating Reaffirmed by J P Morgan Chase & Co” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://ledgergazette.com/2017/11/20/j-p-morgan-chase-co-reaffirms-overweight-rating-for-ds-smith-plc-smds-2.html.

In related news, insider Miles Roberts sold 261,079 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of GBX 515 ($6.77), for a total transaction of £1,344,556.85 ($1,768,455.68).

About DS Smith plc

DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.

Analyst Recommendations for DS Smith plc (LON:SMDS)

Receive News & Ratings for DS Smith plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DS Smith plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply