DS Smith (SMDS) Price Target Increased to GBX 600 by Analysts at J P Morgan Chase & Co
DS Smith (LON:SMDS) had its price target boosted by J P Morgan Chase & Co from GBX 570 ($7.67) to GBX 600 ($8.08) in a research note issued to investors on Thursday. The brokerage currently has an overweight rating on the stock.
A number of other brokerages have also issued reports on SMDS. Peel Hunt restated an add rating and set a GBX 550 ($7.40) price target on shares of DS Smith in a research note on Tuesday, September 5th. Beaufort Securities restated a buy rating on shares of DS Smith in a research note on Wednesday, September 6th. Berenberg Bank restated a buy rating on shares of DS Smith in a research note on Wednesday, September 6th. Jefferies Group restated a hold rating and set a GBX 530 ($7.13) price target on shares of DS Smith in a research note on Friday. Finally, Numis Securities restated a hold rating and set a GBX 530 ($7.13) price target on shares of DS Smith in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DS Smith currently has a consensus rating of Buy and an average price target of GBX 543.50 ($7.31).
DS Smith (LON:SMDS) traded down GBX 3 ($0.04) during trading hours on Thursday, reaching GBX 522 ($7.03). 4,130,000 shares of the company were exchanged, compared to its average volume of 3,160,000. DS Smith has a 12 month low of GBX 5.26 ($0.07) and a 12 month high of GBX 565 ($7.60).
About DS Smith
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.
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