Brokerages Set DS Smith plc (SMDS) Target Price at $470.75

DS Smith plc (LON:SMDS) has been given an average recommendation of “Hold” by the eleven analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 470.75 ($6.00).

Several brokerages recently issued reports on SMDS. Jefferies Group LLC restated a “hold” rating and set a GBX 460 ($5.86) target price on shares of DS Smith plc in a research report on Thursday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 430 ($5.48) price target on shares of DS Smith plc in a research report on Tuesday, March 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 475 ($6.05) target price on shares of DS Smith plc in a report on Friday, March 10th. Numis Securities Ltd reissued an “add” rating and issued a GBX 495 ($6.31) target price on shares of DS Smith plc in a report on Thursday, March 9th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 520 ($6.63) target price on shares of DS Smith plc in a report on Monday, June 12th.

DS Smith plc (LON:SMDS) traded down 0.15% during midday trading on Friday, hitting GBX 453.30. 1,215,334 shares of the stock were exchanged. The firm’s market capitalization is GBX 4.28 billion. The firm’s 50-day moving average price is GBX 437.11 and its 200 day moving average price is GBX 432.60. DS Smith plc has a 1-year low of GBX 355.60 and a 1-year high of GBX 458.30.

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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.

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