SMITH(DS) (OTCMKTS:DITHF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $7.75 target price on the stock. Zacks Investment Research‘s target price indicates a potential upside of 12.32% from the company’s current price.
According to Zacks, “DS Smith Plc is a manufacturer of corrugated products primarily in Europe. The company’s division consists of paper, plastics, packaging and recycling. DS Smith Plc is headquartered in London, the United Kingdom. “
Shares of SMIT (DITHF) remained flat at $$6.90 on Monday. SMIT has a 12 month low of $5.10 and a 12 month high of $7.20.
DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods worldwide. The company offers 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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