DS Smith (LON:SMDS) Price Target Raised to GBX 440 at JPMorgan Chase & Co.
DS Smith (LON:SMDS) had its price objective increased by JPMorgan Chase & Co. from GBX 430 ($5.62) to GBX 440 ($5.75) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Other equities analysts have also recently issued reports about the company. Peel Hunt reiterated a buy rating on shares of DS Smith in a report on Thursday. Numis Securities reiterated an add rating on shares of DS Smith in a report on Thursday, June 6th. UBS Group initiated coverage on DS Smith in a report on Thursday, June 6th. They set a neutral rating and a GBX 336 ($4.39) price target for the company. Berenberg Bank lowered their price target on DS Smith from GBX 500 ($6.53) to GBX 480 ($6.27) and set a buy rating for the company in a report on Thursday, May 23rd. Finally, Jefferies Financial Group reiterated a hold rating and set a GBX 370 ($4.83) price target on shares of DS Smith in a report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of GBX 420 ($5.49).
Shares of SMDS opened at GBX 343.20 ($4.48) on Thursday. DS Smith has a 52-week low of GBX 286.20 ($3.74) and a 52-week high of GBX 539.85 ($7.05). The firm has a market capitalization of $4.80 billion and a price-to-earnings ratio of 14.42. The company has a debt-to-equity ratio of 66.45, a current ratio of 1.39 and a quick ratio of 0.58.
In other DS Smith news, insider David Robbie purchased 20,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was acquired at an average cost of GBX 342 ($4.47) per share, for a total transaction 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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