Brokerages Set DS Smith plc (SMDS) Price Target at $545.50

DS Smith plc (LON:SMDS) has been given an average rating of “Buy” by the nine research firms that are currently covering the company, reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 545.50 ($7.54).

SMDS has been the subject of a number of recent analyst reports. Peel Hunt raised DS Smith to a “buy” rating and raised their price objective for the company from GBX 550 ($7.60) to GBX 575 ($7.94) in a research report on Tuesday, October 31st. Numis Securities reaffirmed a “hold” rating and issued a GBX 530 ($7.32) price objective on shares of DS Smith in a research report on Tuesday, October 31st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 570 ($7.88) price objective on shares of DS Smith in a research report on Wednesday, November 1st. Jefferies Group reiterated a “hold” rating and set a GBX 530 ($7.32) target price (up previously from GBX 475 ($6.56)) on shares of DS Smith in a research note on Monday, November 27th. Finally, Barclays reiterated an “overweight” rating on shares of DS Smith in a research note on Friday, December 8th.

DS Smith (LON SMDS) traded down GBX 8.50 ($0.12) on Wednesday, hitting GBX 475.20 ($6.57). The stock had a trading volume of 1,893,613 shares, compared to its average volume of 3,490,000. DS Smith has a 52 week low of GBX 5.26 ($0.07) and a 52 week high of GBX 565 ($7.81). The firm has a market capitalization of $5,110.00 and a PE ratio of 2,376.00.

The business also recently disclosed a dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, April 5th will be paid a dividend of GBX 4.90 ($0.07) per share. The ex-dividend date is Thursday, April 5th. This represents a yield of 0.95%.

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About DS Smith

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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