DS Smith (LON:SMDS) Earns “Buy” Rating from Berenberg Bank

DS Smith (LON:SMDSGet Rating)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 510 ($6.50) price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 52.33% from the company’s previous close.

Several other research firms have also commented on SMDS. Morgan Stanley reissued an “overweight” rating and issued a GBX 430 ($5.48) price objective on shares of DS Smith in a research note on Thursday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of DS Smith from GBX 588 ($7.49) to GBX 570 ($7.26) and set an “overweight” rating for the company in a research note on Friday, March 11th. Finally, Citigroup reissued a “buy” rating on shares of DS Smith in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 506.71 ($6.46).

Shares of SMDS opened at GBX 334.80 ($4.27) on Thursday. The stock has a market cap of £4.60 billion and a P/E ratio of 18.09. The stock has a 50-day moving average of GBX 324.33 and a two-hundred day moving average of GBX 360.97. The company has a debt-to-equity ratio of 65.27, a quick ratio of 0.57 and a current ratio of 0.80. DS Smith has a one year low of GBX 279.23 ($3.56) and a one year high of GBX 465.97 ($5.94).

DS Smith Company Profile (Get Rating)

DS Smith Plc provides packaging solutions, paper products, and recycling services 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 outdoor advertising services.

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Analyst Recommendations for DS Smith (LON:SMDS)

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