JPMorgan Chase & Co. reissued their overweight rating on shares of DS Smith plc (LON:SMDS) in a report released on Monday morning. They currently have a GBX 470 ($5.87) price objective on the stock.

A number of other brokerages have also issued reports on SMDS. Beaufort Securities reissued a buy rating on shares of DS Smith plc in a report on Friday, October 28th. Davy Research restated a neutral rating on shares of DS Smith plc in a research report on Tuesday, November 1st. Berenberg Bank upped their target price on DS Smith plc from GBX 375 ($4.69) to GBX 400 ($5.00) and gave the stock a hold rating in a research report on Friday, September 2nd. Jefferies Group restated a hold rating and issued a GBX 420 ($5.25) target price on shares of DS Smith plc in a research report on Tuesday, November 1st. Finally, Goldman Sachs Group Inc. upped their target price on DS Smith plc from GBX 390 ($4.87) to GBX 400 ($5.00) and gave the stock a neutral rating in a research report on Friday, September 2nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 433 ($5.41).

Shares of DS Smith plc (LON:SMDS) traded up 1.89% during midday trading on Monday, hitting GBX 394.00. The stock had a trading volume of 566,603 shares. The firm’s market cap is GBX 3.72 billion. DS Smith plc has a 12-month low of GBX 329.10 and a 12-month high of GBX 431.30. The company’s 50-day moving average price is GBX 396.85 and its 200-day moving average price is GBX 395.06.

About DS Smith plc

DS Smith Plc. is engaged in designing and manufacturing of recycled packaging for consumer goods. The Company’s businesses include corrugated packaging, recycling, paper and plastic packaging. The Company’s operating segments include UK, Western Europe, DACH and Northern Europe, Central Europe and Italy, and Plastics.

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