Bank of America Reiterates Buy Rating for DS Smith (LON:SMDS)
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.
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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