DS Smith plc’s (SMDS) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co restated their overweight rating on shares of DS Smith plc (LON:SMDS) in a research note released on Wednesday, November 1st. They currently have a GBX 570 ($7.50) price target on the stock.

SMDS has been the subject of a number of other research reports. Peel Hunt upgraded shares of DS Smith plc to a buy rating and lifted their price target for the stock from GBX 550 ($7.23) to GBX 575 ($7.56) in a research note on Tuesday, October 31st. Numis Securities Ltd downgraded shares of DS Smith plc to a hold rating and boosted their price objective for the stock from GBX 495 ($6.51) to GBX 520 ($6.84) in a research report on Tuesday, July 18th. Berenberg Bank restated a buy rating on shares of DS Smith plc in a research report on Wednesday, September 6th. Barclays PLC restated an overweight rating and set a GBX 565 ($7.43) price objective (up previously from GBX 508 ($6.68)) on shares of DS Smith plc in a research report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) boosted their price objective on shares of DS Smith plc from GBX 485 ($6.38) to GBX 500 ($6.58) and gave the stock a neutral rating in a research report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 532.88 ($7.01).

Shares of DS Smith plc (LON:SMDS) traded up GBX 7 ($0.09) during trading on Wednesday, reaching GBX 534.50 ($7.03). 2,797,707 shares of the company were exchanged, compared to its average volume of 3,200,000. DS Smith plc has a one year low of GBX 378.30 ($4.98) and a one year high of GBX 533.86 ($7.02).

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In other DS Smith plc news, insider Miles Roberts sold 261,079 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of GBX 515 ($6.77), for a total value of £1,344,556.85 ($1,768,455.68).

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.

Analyst Recommendations for DS Smith plc (LON:SMDS)

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