DS Smith plc (SMDS) Receives Consensus Rating of “Buy” from Analysts

Shares of DS Smith plc (LON:SMDS) have received an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 545.50 ($7.54).

A number of equities research analysts recently weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 575 ($7.94) price objective on shares of DS Smith in a research note on Wednesday, February 7th. JPMorgan Chase & Co. increased their price target on DS Smith from GBX 570 ($7.88) to GBX 600 ($8.29) and gave the company an “overweight” rating in a research note on Thursday, December 7th. Jefferies Group reiterated a “hold” rating and issued a GBX 530 ($7.32) price target (up from GBX 475 ($6.56)) on shares of DS Smith in a research note on Monday, November 27th. Numis Securities reiterated a “hold” rating and issued a GBX 530 ($7.32) price target on shares of DS Smith in a research note on Tuesday, October 31st. Finally, Barclays reiterated an “overweight” rating on shares of DS Smith in a research note on Friday, December 8th.

Shares of DS Smith (SMDS) opened at GBX 473 ($6.53) on Wednesday. The firm has a market capitalization of $5,020.00 and a price-to-earnings ratio of 2,365.00. DS Smith has a 12 month low of GBX 5.26 ($0.07) and a 12 month high of GBX 565 ($7.81).

The business also recently announced a dividend, which will be paid on Tuesday, May 1st. Investors of record on Thursday, April 5th will be issued a dividend of GBX 4.90 ($0.07) per share. This represents a yield of 0.95%. The ex-dividend date of this dividend is Thursday, April 5th.

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DS Smith Company Profile

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 (LON:SMDS)

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