Jefferies Group Reaffirms Hold Rating for DS Smith (SMDS)

Jefferies Group restated their hold rating on shares of DS Smith (LON:SMDS) in a research report released on Friday. Jefferies Group currently has a GBX 530 ($7.13) price objective on the stock.

Several other research analysts have also weighed in on the stock. J P Morgan Chase & Co reissued an overweight rating and set a GBX 570 ($7.67) price objective on shares of DS Smith in a research note on Wednesday, November 1st. Numis Securities lifted their price objective on shares of DS Smith from GBX 520 ($7.00) to GBX 530 ($7.13) and gave the stock a hold rating in a research note on Thursday, October 19th. Peel Hunt raised shares of DS Smith to a buy rating and lifted their price objective for the stock from GBX 550 ($7.40) to GBX 575 ($7.74) in a research note on Tuesday, October 31st. Goldman Sachs Group lifted their price objective on shares of DS Smith from GBX 485 ($6.53) to GBX 500 ($6.73) and gave the stock a neutral rating in a research note on Tuesday, September 12th. Finally, Beaufort Securities reissued a buy rating on shares of DS Smith in a research note on Wednesday, September 6th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 548.50 ($7.38).

DS Smith (LON:SMDS) opened at GBX 524.78 ($7.06) on Friday. DS Smith has a one year low of GBX 5.26 ($0.07) and a one year high of GBX 565 ($7.60).

In other DS Smith news, insider Miles Roberts sold 261,079 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of GBX 515 ($6.93), for a total transaction of £1,344,556.85 ($1,809,632.37).

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DS Smith Company Profile

DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.

Analyst Recommendations for DS Smith (LON:SMDS)

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