DS Smith (SMDS) Receives “Add” Rating from Numis Securities

Numis Securities reissued their add rating on shares of DS Smith (LON:SMDS) in a research report released on Thursday morning, Digital Look reports. Numis Securities currently has a GBX 420 ($5.49) price objective on the stock.

Several other equities analysts also recently issued reports on SMDS. Jefferies Financial Group reaffirmed a hold rating on shares of DS Smith in a report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price objective on shares of DS Smith from GBX 400 ($5.23) to GBX 430 ($5.62) and gave the company an overweight rating in a report on Friday, March 8th. Citigroup reaffirmed a buy rating on shares of DS Smith in a report on Friday, February 8th. Peel Hunt reaffirmed a buy rating on shares of DS Smith in a report on Tuesday, April 30th. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 500 ($6.53) price objective on shares of DS Smith in a report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. DS Smith presently has an average rating of Buy and a consensus target price of GBX 436 ($5.70).

SMDS remained flat at $GBX 362 ($4.73) during midday trading on Thursday. 3,358,428 shares of the company’s stock traded hands, compared to its average volume of 3,860,000. The company has a current ratio of 1.39, a quick ratio of 0.58 and a debt-to-equity ratio of 66.45. The stock has a market capitalization of $4.96 billion and a P/E ratio of 15.21. DS Smith has a fifty-two week low of GBX 286.20 ($3.74) and a fifty-two week high of GBX 542.45 ($7.09).

The company also recently announced a dividend, which was paid on Wednesday, May 1st. Shareholders of record on Thursday, April 4th were paid a dividend of GBX 5.20 ($0.07) per share. This represents a yield of 1.74%. The ex-dividend date of this dividend was Thursday, April 4th. DS Smith’s dividend payout ratio (DPR) is presently 0.63%.

In other news, insider David Robbie bought 20,000 shares of DS Smith stock in a transaction on Thursday, April 11th. The shares were bought at an average cost of GBX 342 ($4.47) per share, with a total value of £68,400 ($89,376.72).

About DS Smith

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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Analyst Recommendations for DS Smith (LON:SMDS)

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