DS Smith (LON:SMDS) Receives Add Rating from Numis Securities

DS Smith (LON:SMDS)‘s stock had its “add” rating reissued by stock analysts at Numis Securities in a research note issued on Friday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the stock. Peel Hunt restated a “buy” rating on shares of DS Smith in a research note on Thursday. Berenberg Bank dropped their price target on shares of DS Smith from GBX 500 ($6.53) to GBX 480 ($6.27) and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Jefferies Financial Group restated a “hold” rating and set a GBX 330 ($4.31) price target on shares of DS Smith in a research note on Wednesday, March 6th. Finally, UBS Group initiated coverage on shares of DS Smith in a research note on Thursday, June 6th. They set a “neutral” rating and a GBX 336 ($4.39) price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. DS Smith currently has an average rating of “Buy” and a consensus price target of GBX 420 ($5.49).

Shares of SMDS stock opened at GBX 350.10 ($4.57) on Friday. The company has a market cap of $4.80 billion and a P/E ratio of 14.71. The company has a debt-to-equity ratio of 66.45, a quick ratio of 0.58 and a current ratio of 1.39. DS Smith has a 12 month low of GBX 286.20 ($3.74) and a 12 month high of GBX 539.85 ($7.05).

In other news, insider David Robbie bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were acquired at an average price of GBX 342 ($4.47) per share, with a total value of £68,400 ($89,376.72).

DS Smith Company Profile

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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