UBS Group Reaffirms Neutral Rating for DS Smith (LON:SMDS)
DS Smith (LON:SMDS)‘s stock had its “neutral” rating reiterated by investment analysts at UBS Group in a report issued on Monday, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also issued reports about the stock. Jefferies Financial Group boosted their price objective on shares of DS Smith from GBX 325 ($4.00) to GBX 350 ($4.31) and gave the stock a “buy” rating in a report on Thursday, May 21st. Peel Hunt restated a “buy” rating on shares of DS Smith in a report on Thursday, June 11th. Berenberg Bank lowered shares of DS Smith to a “hold” rating and lowered their price target for the company from GBX 400 ($4.92) to GBX 300 ($3.69) in a report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of DS Smith from GBX 400 ($4.92) to GBX 330 ($4.06) and set an “overweight” rating for the company in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 355 ($4.37).
SMDS stock opened at GBX 328.20 ($4.04) on Monday. The company has a debt-to-equity ratio of 92.09, a current ratio of 0.85 and a quick ratio of 0.51. DS Smith has a one year low of GBX 244.80 ($3.01) and a one year high of GBX 397.80 ($4.90). The stock has a market cap of $4.54 billion and a PE ratio of 14.39. The firm has a 50 day simple moving average of GBX 328.25 and a two-hundred day simple moving average of GBX 332.18.
DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. It provides transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.
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