Bank of America restated their buy rating on shares of DS Smith (LON:SMDS) in a report issued on Tuesday morning, Digital Look reports. The firm currently has a GBX 450 ($5.88) target price on the stock.

Several other equities research analysts also recently weighed in on the company. Berenberg Bank reiterated a buy rating and issued a GBX 310 ($4.05) price target on shares of Ibstock in a report on Thursday, May 23rd. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,453 ($18.99) price target on shares of in a report on Tuesday, June 18th. UBS Group reduced their price target on Broadcom from $325.00 to $310.00 and set a buy rating on the stock in a report on Friday, June 14th. Numis Securities reiterated a buy rating and issued a GBX 3,600 ($47.04) price target on shares of in a report on Friday, June 14th. Finally, BNP Paribas downgraded DS Smith to an underperform rating and reduced their price target for the stock from GBX 340 ($4.44) to GBX 300 ($3.92) in a report on Monday, June 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. DS Smith presently has an average rating of Hold and a consensus price target of GBX 407.50 ($5.32).

Shares of LON SMDS opened at GBX 357.20 ($4.67) on Tuesday. The company has a debt-to-equity ratio of 88.50, a quick ratio of 0.46 and a current ratio of 0.88. The business has a 50 day simple moving average of GBX 350.06. DS Smith has a fifty-two week low of GBX 286.20 ($3.74) and a fifty-two week high of GBX 516.20 ($6.75). The stock has a market capitalization of $4.90 billion and a P/E ratio of 17.34.

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 11 ($0.14) per share. This is an increase from DS Smith’s previous dividend of $5.20. This represents a yield of 3.05%. The ex-dividend date is Thursday, October 3rd. DS Smith’s dividend payout ratio (DPR) is presently 0.78%.

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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